Woodside to Buy US LNG Developer Tellurian for $900 Million

Woodside Energy Group Ltd. has agreed to buy US liquefied natural gas export project developer Tellurian Inc. for about $900 million.

Australia’s biggest oil and gas producer will make an all-cash payment of about $1 a share for all of Tellurian’s stock, including its owned and operated US Gulf Coast Driftwood LNG project, it said Monday.

Tellurian had been in discussions to sell its business, after struggling to bring its proposed Louisiana gas-export facility to fruition since its 2016 founding. Woodside earlier this year ended talks with smaller rival Santos Ltd. that would have made it one the biggest LNG ...