Tellurian

Driftwood LNG Loses Shell, Vitol Supply Agreements in Major Setback

Driftwood LNG Loses Shell, Vitol Supply Agreements in Major Setback

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…

September 23, 2022
FERC Adds Environmental Justice Considerations to Commonwealth LNG EIS

FERC Adds Environmental Justice Considerations to Commonwealth LNG EIS

FERC staff concluded the Commonwealth LNG terminal project in Louisiana could have minimal environmental consequences if built, but it could contribute to “disproportionately high and adverse” impacts on marginal communities already affected by industry. The conclusion from Federal Energy Regulatory Commission staff was published in a final environmental impact statement (EIS) for the project proposed…

September 16, 2022
Tellurian’s Haynesville Deal Bolsters Natural Gas Production, ‘Economic Hedge’

Tellurian’s Haynesville Deal Bolsters Natural Gas Production, ‘Economic Hedge’

Tellurian Inc. has completed another acquisition in the Haynesville Shale, further bolstering the natural gas production position as works toward sanctioning a Louisiana LNG export terminal. A unit of Houston-based Tellurian disclosed it paid $125.5 million for a package of assets from EnSight IV Energy Partners LLC and EnSight Haynesville Partners LLC. At the close…

August 22, 2022
Driftwood LNG Construction Permit Challenged by Environmental Groups

Driftwood LNG Construction Permit Challenged by Environmental Groups

Environmental advocates have filed another challenge against Tellurian Inc.’s proposed Driftwood LNG project, this time in the form of a petition against the U.S. Army Corps of Engineers (USACE). The Sierra Club and New Orleans-based advocacy group Healthy Gulf have filed a petition in the U.S. Court of Appeals for the Fifth Circuit asking for…

July 20, 2022
Tellurian Bulks Up Lower 48 Natural Gas Production with Haynesville Package

Tellurian Bulks Up Lower 48 Natural Gas Production with Haynesville Package

Tellurian Inc., which has since its inception buoyed its Lower 48 natural gas portfolio to feed its proposed export project in Louisiana, on Wednesday gobbled up more producing wells and infrastructure in the Haynesville Shale. Subsidiary Tellurian Production LLC (TPC) agreed to purchase a package of assets from privately held EnSight IV Energy Partners LLC…

July 13, 2022
Tellurian Begins Some Driftwood LNG Construction Ahead of FID

Tellurian Begins Some Driftwood LNG Construction Ahead of FID

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…

March 28, 2022
Freeport LNG, Tellurian Chiefs Eyeing Uptick in Investments, but Short-Term Export Relief Unlikely

Freeport LNG, Tellurian Chiefs Eyeing Uptick in Investments, but Short-Term Export Relief Unlikely

Executives developing liquefied natural gas (LNG) terminals on the Gulf Coast on Wednesday described a bittersweet situation, as Russia’s invasion of Ukraine has elevated the importance of export projects that up to now were fighting for capital. On the day traditionally devoted to natural gas, panels at CERAWeek by S&P Global shifted to what LNG…

March 10, 2022
LNG 101: Could New Ways to Sell American Natural Gas Give Rise to Second-Wave Export Projects?

LNG 101: Could New Ways to Sell American Natural Gas Give Rise to Second-Wave Export Projects?

U.S. liquefied natural gas (LNG) developers are going to greater lengths to attract customers, setting the stage for American supplies to increasingly be tied to foreign benchmarks and testing traditional commercial models with new agreements that could make project financing even harder to come by.  The question is, why?  Why would U.S. LNG buyers purchase…

August 5, 2021
Tellurian Finalizes Offtake Agreements for First Phase of Driftwood LNG

Tellurian Finalizes Offtake Agreements for First Phase of Driftwood LNG

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…

July 29, 2021
Tellurian Terminates $700M Deal with TotalEnergies for Driftwood LNG

Tellurian Terminates $700M Deal with TotalEnergies for Driftwood LNG

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,…

July 12, 2021
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