0158 GMT - For Jarden, a key question arising from Woodside Energy's proposed $900 million acquisition of Tellurian is why the Australian company has no interest in also buying an upstream U.S. gas business to mitigate risk around future swings in Henry Hub prices. Analyst Nik Burns highlights Woodside's response that it has no experience in onshore oil and gas developments or U.S. shale. But there are other factors to consider. The market is still getting comfortable with the Tellurian deal, Jarden says, while Woodside has time to rethink an upstream U.S. gas deal as Tellurian's Driftwood LNG project won't start up until 2029. Also, "acquiring an equity in U.S. shale would increase the company's emissions profile, making it more challenging for Woodside to reduce its scope 1 and 2 emissions," Jarden says. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
September 10, 2024 21:58 ET (01:58 GMT)
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