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Australia’s biggest oil and gas producer will pay about US$1 a share in cash to take full control of Tellurian, including the proposed US Gulf Coast Driftwood LNG project, it said yesterday.

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We remain at the midpoint for both. No-moat Woodside will acquire New York Stock Exchange-listed Tellurian and its wholly-owned Driftwood LNG project on the US Gulf Coast for USD 900 million cash.