Houston-based Tellurian Inc. is testing support to build a 42-inch diameter natural gas pipeline that would connect up to 2 Bcf/d of Haynesville and Bossier shale volumes to customers in southwestern Louisiana.
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Saudi Arabia’s state-owned oil and natural gas company is reportedly interested in making its first production investments outside the kingdom, and has inquired about purchasing unconventional assets in the United States — specifically, in the Permian Basin and the Eagle Ford Shale.
Houston-based Tellurian Inc. said Monday it is developing a three-pipeline attack to expand natural gas supply alternatives in southwestern Louisiana that would not only give its Haynesville Shale production more access, but also link to a massive export project in the works.
In a bullish outlook for the growth of U.S. liquefied natural gas (LNG) exports by 2024, an energy analyst with the Mizuho Securities LLC’s energy research group said the expansion will include both small-scale and mega projects.
Houston-based Tellurian Inc. last week veered into the upstream sector, making a deal to buy gassy Haynesville Shale acreage near its planned natural gas export facility in Louisiana.
Houston-based upstart Tellurian Inc. appears to be the first independent U.S. liquefied natural gas (LNG) export project branching out into the upstream sector with its purchase of Haynesville Shale properties.
Liquefied natural gas (LNG) terminal developer Tellurian Inc. has been marketing LNG from its first proposed terminal and has received “positive feedback” from prospective customers, CEO Meg Gentle said.
Houston-based Tellurian Inc. (Tellurian), formerly known as Magellan Petroleum Corp. has closed its merger with Tellurian Investments Inc. Tellurian common stock will continue to trade on the NASDAQ under the new ticker symbol “TELL.” Tellurian has appointed Antoine Lafargue as CFO; he was previously CEO of Magellan. “We are developing large scale energy infrastructure on the U.S. Gulf Coast, including the 26 million tonne per annum Driftwood LNGfacility in Calcasieu Parish, LA, which is scheduled to begin construction in 2018,” said Tellurian CEO Meg Gentle. “We expect our next major milestone to be filing our formal permit application with the Federal Energy Regulatory Commission for Driftwood LNG.” Late last year France’s Totalacquired a stake in Tellurian, as has GE Oil & Gas.
Tellurian Investments Inc. has attracted another investor to its mid-scale Driftwood LNG terminal proposed for Louisiana with the addition of France’s Total. Total is acquiring a 23% stake in Tellurian at $5.85/share for $207 million, further signaling a rising interest in LNG among major producers, analysts said.
Former Cheniere Energy Inc. marketing executive Meg Gentle has ponied up $10 million of her takings from that company to buy into startup liquefied natural gas (LNG) developer Tellurian Investments, which was co-founded by ousted Cheniere co-founder Charif Souki. Gentle will be Tellurian’s president and CEO, and a member of its board.