Driftwood

Tellurian Inc. over the weekend took another step toward sanctioning its massive natural gas export project on the Gulf Coast with a proposed agreement to sell a significant portion of capacity to India’s state-owned Petronet LNG Ltd.

As Tellurian Inc. looks to spend the rest of 2019 completing agreements to move forward with its proposed Driftwood liquefied natural gas (LNG) export project in Louisiana, management sees global prices reaching an “inflection point” either this winter or in 2020.

Progress continues in bringing online the third liquefied natural gas (LNG) export facility along the Gulf Coast after federal authorities approved some commissioning activities at Freeport LNG.

Global liquefied natural gas exports from the Gulf Coast are set to expand as the first of three trains at the Cameron liquefied natural gas (LNG) facility in Louisiana achieved first production Tuesday, developer Sempra Energy said.

The first natural gas export facility on the U.S. West Coast is facing regulatory delays, but several Gulf Coast projects have gained critical support to advance toward sanctioning.

Houston-based Tellurian Inc., which has a natural gas export project in the queue, has launched separate, binding open seasons through June 21 to gauge interest in two pipelines to move supply in Louisiana, including from the Haynesville Shale, to the Gulf Coast.

A divided FERC voted to authorize two liquefied natural gas (LNG) export projects Thursday, as Commission staff reported that the United States is likely to continue as a net exporter of natural gas in 2019, with six fully operational LNG export terminals online by year’s end.

Tellurian Inc. has launched a binding open season for a natural gas pipeline that would carry at least 2 Bcf/d from the Permian Basin to the Louisiana coast.

Total SA’s stake in Tellurian Inc.’s planned Louisiana liquefied natural gas (LNG) export project is nearing the $1 billion mark after the French major agreed to invest another $500 million in the facility.