Driftwood

Charif Souki, Tellurian Inc. co-founder and one of the architects of the U.S. LNG export industry, has been replaced as the executive chairman of his latest firm established to build the Driftwood LNG project. Houston-based Tellurian disclosed that the company’s other co-founder, Martin Houston, had been tapped to take over as chairman of the board…

Tellurian Inc. has one less permit challenge to its Driftwood LNG project after the U.S. Court of Appeals for the Fifth Circuit on Wednesday denied a petition by environmental groups. Healthy Gulf and Sierra Club had filed last year a petition for the court to review and possibly vacate a permit issued by the Army…

A roundup of news and commentary from NGI’s LNG Insight  Tellurian Inc. will ask shareholders to double the company’s common stock from 800 million to 1.6 billion shares at its annual meeting in June, the company said in a regulatory filing. The company, which has yet to sanction its 27 million metric tons/year Driftwood LNG…

Tellurian Inc. said Friday that two sales and purchase agreements (SPA) underpinning its proposed Driftwood LNG terminal in Louisiana have been terminated, dealing another major blow to the project, which was already facing delays. In a regulatory filing with the Securities and Exchange Commission (SEC), Tellurian said an affiliate of Shell plc had terminated a…

Tellurian Inc. said Monday it would soon start work on its Driftwood liquefied natural gas (LNG) terminal on the Louisiana coast by self-funding basic construction ahead of a final investment decision (FID). The Houston-based company gave approval for Bechtel Energy Inc. to start work on the first phase – 11 million metric tons/year (mmty)– of…

The Sierra Club has filed a petition on behalf of a coalition of Louisiana environmental groups requesting the Environmental Protection Agency (EPA) deny Tellurian Inc.’s Title V operating permit request for the proposed Driftwood liquified natural gas (LNG) terminal. In the petition filed last week, the Sierra Club argued that the company’s permit for the…

Tellurian Inc. on Thursday said it has secured enough offtake to support the first phase of its proposed Driftwood liquefied natural gas (LNG) export project in Louisiana after signing a deal with Royal Dutch Shell plc to supply 3 million metric tons/year (mmty).  The project hasn’t been sanctioned yet, but the sale and purchase agreement…

A deal with French supermajor TotalEnergies SE that would have injected up to $700 million into Tellurian Inc.’s planned Driftwood liquefied natural gas (LNG) export facility in Louisiana has fallen through after the project developer failed to meet a key deadline for sanctioning the project. In a filing with the U.S. Securities and Exchange Commission,…

Tellurian Inc. is looking for approval from FERC to build a 37-mile, dual 42-inch pipeline system in Louisiana to meet natural gas demand in the Lake Charles area and potentially serve its proposed export terminal.  The Line 200 and 300 project would pair supplies from various production regions with growing industrial, petrochemical, manufacturing, power generation,…