Driftwood Lng

Tellurian Inc. has made another executive leadership change, this time choosing to part ways with its CEO, as it tries to fast track development of its Driftwood LNG project. The Houston-based company has been awash in personnel and strategy shifts since December, when its board of directors moved to dismiss co-founder and executive chairman Charif…

Tellurian Inc. said Tuesday it is exploring opportunities to sell its upstream natural gas business in the Haynesville Shale.  The idea is to reduce debt and shore up cash to advance the troubled Driftwood LNG export project on the Louisiana coast, said management of Houston-based Tellurian. As it seeks to commercialize the liquefied natural gas…

Tellurian Inc. Chairman Martin Houston said the firm is exploring ways to secure contracts and partnerships for the proposed Driftwood LNG project with the help of a global financial adviser, pushing back on reports it may be looking to sell after an organizational shakeup. In a letter to investors Monday, Houston confirmed reports that Tellurian…

Tellurian Inc. said it could soon be insolvent unless it raises more capital to pay off debt and fund its operations as plans to develop the Driftwood LNG export terminal in Louisiana haven’t become a reality.  The company said in its quarterly report filed with the U.S. Securities and Exchange Commission (SEC) that it faces…

Baker Hughes Co. has inked a deal to supply Tellurian Inc.’s Driftwood export terminal in Louisiana with liquefaction equipment, keeping the project on track to achieve first LNG in 2027 even though it hasn’t been sanctioned yet.  Baker Hughes would provide eight gas turbines, main refrigerant compressors and the control units needed for the first…

Tellurian Inc. said in a regulatory filing Thursday it signed a binding letter of intent (LOI) to sell 800 acres for its Driftwood LNG export project in Louisiana to an unnamed institutional investor for $1 billion and then lease the property. The company in a Form 8-K filed with the U.S. Securities and Exchange Commission…

Gunvor Group Ltd. has the option to terminate its deal to buy supplies from the proposed Driftwood LNG terminal after a deadline passed Tuesday for Tellurian Inc. to meet certain conditions. The sales and purchase agreement (SPA) was amended to give Gunvor the option of walking away if Tellurian failed to meet conditions, including sanctioning…

Venture Global LNG has been granted permission by FERC to progress limited construction at Plaquemines LNG in Louisiana.

The global push to reach net-zero emissions and meet the world’s future energy needs will cost trillions of dollars and require far more than renewable technologies, according to energy executives. “We’re still at that very early phase where we make these grand pronouncements and we’ve tried to jumpstart the machine without fully understanding, communally, the…