Tellurian Inc. on Thursday said it has signed a sales and purchase agreement (SPA) with Vitol Inc. to supply 3 million metric tons/year (mmty) of liquefied natural gas (LNG) from its proposed Driftwood export terminal in Louisiana.

The announcement came a week after Tellurian announced a similar deal with Gunvor Group Ltd., another leading global commodities trader. The latest SPA appears to bring Driftwood another step closer to reality. No final investment decision has been reached on the project. However, the company is marketing up to 10 mmty to offtakers for the first phase of Driftwood at prices linked to the Japan-Korea Marker (JKM), Dutch Title Transfer Facility (TTF) or on a blended price basis. 

“Tellurian continues to execute on our plan to market Driftwood LNG...