Australia's Woodside Energy slips after agreeing to buy Tellurian for $1.2 bln
** Shares of Woodside Energy WDS.AX fall as much as 2.6% to A$28.460, hitting their lowest level since July 10
** Stock currently down 2.4%, set for worst day since May 1 if losses hold
** Energy co agrees to buy U.S. liquefied natural gas developer Tellurian TELL.A, including its U.S. Gulf Coast Driftwood LNG export project, for $1.2 bln including debt
** The Driftwood LNG project has had many setbacks, including the cancellation of some LNG supply deals amid concerns over the company's ability to finish the project
** Transaction includes $900 mln cash purchase of outstanding Tellurian common stock at $1 per share, Woodside says, representing a more than 75% premium to Tellurian's last closing price
** Australian energy stocks .AXEJ down as much as 2.3%, while the broader benchmark index .AXJO falls 0.9%
** Stock had fallen ~6% this year, as of last close, compared with a 2.6% decline in the energy sub-index
Reporting by Shivangi Lahiri in Bengaluru
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