Oct 9 (Reuters) - Woodside Energy ( WDS ) said on

Wednesday it has completed the acquisition of U.S. liquefied

natural gas developer Tellurian, including its U.S.

Gulf Coast LNG export project, for $1.2 billion including debt.

Last week, Tellurian shareholders had voted in favour of its

proposed acquisition by the Australian energy producer.

Woodside said it has renamed the Driftwood LNG development

opportunity as Woodside Louisiana LNG.

The company said it is targeting final investment decision

(FID) readiness from the first quarter of 2025 for the acquired

project. FID is the point where a company approves the project's

future development.

With the development opportunity having a total permitted

capacity of 27.6 million tonnes per annum, it could strengthen

the position of the U.S. as the world's largest producer of the

superchilled gas.

The agreement is expected help solve Tellurian's financial

woes. The U.S. company has been searching for financial partners

to fund the LNG facility. In May, it said it would sell its

upstream assets to pay off some of its debt.

"We are also pleased with the inbounds received from

multiple parties looking to enter the opportunity as a strategic

partner," Woodside CEO Meg O'Neill said in a statement.