Tellurian

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 in a regulatory filing Thursday it signed a binding letter of intent (LOI) to sell 800 acres for its Driftwood LNG export project in Louisiana to an unnamed institutional investor for $1 billion and then lease the property. The company in a Form 8-K filed with the U.S. Securities and Exchange Commission…

Gunvor Group Ltd. has the option to terminate its deal to buy supplies from the proposed Driftwood LNG terminal after a deadline passed Tuesday for Tellurian Inc. to meet certain conditions. The sales and purchase agreement (SPA) was amended to give Gunvor the option of walking away if Tellurian failed to meet conditions, including sanctioning…

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…

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…

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…

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…

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…

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…