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 had hired Lazard Ltd. “to give us advice on unlocking the value of our asset base and to help expand our thinking.” The letter followed media reports late last week that Lazard could be helping Tellurian find buyers for the company and the unsanctioned Louisiana liquefied natural gas project, which Houston called “misleading.”

Spokesperson Joi Lecznar told NGI that Lazard had been retained to help Tellurian with project...