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 project, “Tellurian has been reviewing its strategy, including the dynamics of the U.S. natural gas market in the context of global LNG demand,” said CEO Octávio Simões. “We have concluded that there are alternative gas supply strategies available to us from various basins and our ownership of upstream assets is not necessary at this stage of Tellurian’s development. 

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