Tellurian

LNG Recap: U.S. Exports Still Strong, Lead Global Gains

LNG Recap: U.S. Exports Still Strong, Lead Global Gains

U.S. liquefied natural gas (LNG) exports remained strong as the week got underway, with feed gas deliveries holding near record highs of about 10 Bcf/d.  The ongoing strength in domestic cargo departures helped push global exports to their highest level in six months through October, data intelligence firm Kpler said last week. Global exports stood…

November 17, 2020
Tellurian Completes First-Ever LNG Cargo Trade in 3Q

Tellurian Completes First-Ever LNG Cargo Trade in 3Q

Liquefied natural gas (LNG) project developer Tellurian Inc. in the third quarter bought and sold its first LNG cargo under a master agreement reached last year, according to a report the company filed with the U.S. Securities and Exchange Commission (SEC). Tellurian’s marketing arm bought the cargo in July and subsequently sold it to an…

November 10, 2020
Hedgeable LNG Market at Least Five Years Away, Tellurian’s Souki Says

Hedgeable LNG Market at Least Five Years Away, Tellurian’s Souki Says

It will take at least five more years for the global liquefied natural gas (LNG) market to become a fully hedgeable market like oil, said Tellurian Inc. chairman and LNG pioneer Charif Souki in an interview posted Thursday by IHS Markit. The LNG market, which originated decades ago as a point-to-point business with long-term contracts…

October 9, 2020
U.S. Influence on Global Natural Gas Evident in European, Asian Price Rallies, Says Tellurian’s Souki

U.S. Influence on Global Natural Gas Evident in European, Asian Price Rallies, Says Tellurian’s Souki

Reduced natural gas drilling in the United States has surprisingly caused European and Asian LNG prices to quickly surge, said Tellurian Inc. chairman and liquefied natural gas (LNG) pioneer Charif Souki during an interview with Columbia University this week. “America sneezes and the rest of the world catches a cold,” Souki said in a podcast…

September 3, 2020
Tellurian Cuts Driftwood LNG Costs, Defers Haynesville Supply Pipeline

Tellurian Cuts Driftwood LNG Costs, Defers Haynesville Supply Pipeline

Tellurian Inc. said this week it has cut costs for the first phase of the proposed 27.6 million metric ton/year (mmty) Driftwood liquefied natural gas (LNG) export terminal as it works toward sanctioning the massive project in a weak global market.   The Houston-based operator indicated in an investor presentation on Wednesday that it would achieve…

August 13, 2020
Tellurian Evaluating Options to Cut Driftwood LNG Costs

Tellurian Evaluating Options to Cut Driftwood LNG Costs

Tellurian Inc. said in a regulatory filing on Wednesday that it was evaluating options to cut the costs of the first phase of its proposed 27.6 million metric tons/year (mmty) Driftwood liquefied natural gas (LNG) terminal in Louisiana.  It was the latest announcement from the company as it works to get the project off the…

July 22, 2020

The Offtake: LNG in Brief

A roundup of news and commentary from NGI’s LNG Insight Tellurian Energy Inc. has named Charif Souki as executive chairman. Souki co-founded the company in 2016 and had been serving as nonexecutive chairman. The company is looking to better leverage his “marketing expertise and relationships” as its Driftwood LNG export project in Louisiana has struggled…

June 23, 2020
Tellurian Delays Driftwood FID, May Drop Permian Pipeline Plan

Tellurian Delays Driftwood FID, May Drop Permian Pipeline Plan

Liquefied natural gas (LNG) developer Tellurian Inc. has delayed a final investment decision (FID) on its proposed Driftwood LNG export terminal by one year to 2021 and may drop plans to build a $4.2 billion pipeline to bring Permian Basin supply to the first phase of the project, the company’s chief said Tuesday.

June 17, 2020
Tellurian’s Supply Pact with Petronet Expires in Setback for Driftwood LNG

Tellurian’s Supply Pact with Petronet Expires in Setback for Driftwood LNG

Tellurian Inc. confirmed Friday that a memorandum of understanding (MOU) with India’s Petronet LNG Ltd. has expired in a development that’s likely to delay the sanctioning of its massive natural gas export project on the Gulf Coast.

June 5, 2020
Tellurian Slashes Spending, Confronts Turmoil in Global LNG Markets

Tellurian Slashes Spending, Confronts Turmoil in Global LNG Markets

Tellurian Inc. on Monday said it is feeling the squeeze of a global natural gas glut and has announced a cut in corporate spending as it works to sanction a massive liquefied natural gas (LNG) export terminal in Louisiana.

March 2, 2020