08:29 AM EDT, 08/27/2024 (MT Newswires) -- Woodside Energy ( WDS ) has received interest from potential equity partners for the US ammonia project it is acquiring from OCI Global for $2.35 billion, The Wall Street Journal reported Tuesday, citing the company's Chief Executive Meg O'Neill.

The ammonia project in Beaumont, Texas, set to begin production next year, is drawing interest due to its plan to produce lower-carbon ammonia, which could be sold in higher-value markets in Europe and Asia starting in 2026, the report said.

The OCI Global transaction, expected to be completed in months, follows Woodside's $900 million deal to buy Tellurian (TELL), which owns the Driftwood LNG project near Lake Charles, Louisiana.

O'Neill said Woodside plans to make a final decision on the Driftwood LNG development between January and March 2025, and added that the deal is not likely to go ahead without a strategic partner.

Woodside Energy ( WDS ) shares were up 2.6% in recent premarket activity.

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