Tellurian

Tellurian Courting Natural Gas Producers Seeking LNG Exposure Through Driftwood

Tellurian Courting Natural Gas Producers Seeking LNG Exposure Through Driftwood

Tellurian Inc. is looking to join the wave of Gulf Coast LNG developers partnering with exploration and production (E&P) companies on tolling agreements to raise international exposure, executive chairman Martin Houston said Tuesday. In a letter to shareholders, the Houston-based company’s co-founder said Tellurian’s marketing team had spent last week meeting with potential customers and…

March 27, 2024
Tellurian Looks to Start Major Driftwood LNG Construction By Year’s End

Tellurian Looks to Start Major Driftwood LNG Construction By Year’s End

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…

March 6, 2024
Tellurian Eyeing Divestment of Haynesville Natural Gas Business to Keep Driftwood LNG Afloat

Tellurian Eyeing Divestment of Haynesville Natural Gas Business to Keep Driftwood LNG Afloat

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…

February 6, 2024
Tellurian Taps Lazard to Help Secure Equity Partners, Contracts for Driftwood LNG

Tellurian Taps Lazard to Help Secure Equity Partners, Contracts for Driftwood LNG

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…

January 30, 2024
Conservation Groups Take Aim at Driftwood LNG Pipeline Projects in Latest DC Circuit Arguments

Conservation Groups Take Aim at Driftwood LNG Pipeline Projects in Latest DC Circuit Arguments

Environmental groups are continuing to pressure LNG export facility and pipeline developers through federal appeals courts as lawsuits seeking to repeal authorizations stack up. In the latest of a series of filings to the U.S. Court of Appeals for the District of Columbia Circuit, Healthy Gulf and the Sierra Club requested FERC’s approval of two…

December 21, 2023
Tellurian Replaces Souki as Driftwood LNG Development Enters ‘Important Moment,’ CEO Says

Tellurian Replaces Souki as Driftwood LNG Development Enters ‘Important Moment,’ CEO Says

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…

December 11, 2023
Tellurian Warns of Insolvency as it Tries to Advance Driftwood LNG

Tellurian Warns of Insolvency as it Tries to Advance Driftwood LNG

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…

November 3, 2023
Tellurian Secures Delivery Schedule for Driftwood LNG Liquefaction Equipment

Tellurian Secures Delivery Schedule for Driftwood LNG Liquefaction Equipment

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…

September 6, 2023

Gunvor Cancels Driftwood LNG SPA With Tellurian – The Offtake

Tellurian Inc. said a deal to sell LNG to an affiliate of Gunvor Group Ltd. from its proposed Driftwood export terminal has been terminated. “The parties were unable to reach agreement on the commercial terms of an amendment to the agreement,” Tellurian said in a U.S. regulatory filing.

August 8, 2023

Sabine Pass LNG Feed Gas Deliveries Bounce Back – The Offtake

Feed gas nominations to Cheniere Energy Inc.’s Sabine Pass export terminal in Louisiana bounced back to 4.2 Bcf/d Wednesday after falling by 600 MMcf/d Tuesday.

July 19, 2023
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