Tellurian bets the ranch on LNG demand
The Driftwood facility is edging towards FID on a bullish outlook for global demand
US LNG project developer Tellurian passed another major milestone on the road to FID for its $30bn Driftwood LNG liquefaction and export facility in Louisiana, when it signed a memorandum of understanding (MoU) with India's largest LNG importer Petronet on 23 September. The $2.5bn equity and $5bn offtake investment was deemed important enough for US President Donald Trump to speak about it publicly and Indian Prime Minister Narendra Modi to mention it at the leaders' joint press conference. French major Total is already committed to investing $907mn, with the documentation completed in July but pending FID, and negotiations are well advanced with other potential partners. Tellurian plans to
Also in this section
25 July 2025
Mozambique’s insurgency continues, but the security situation near the LNG site has significantly improved, with TotalEnergies aiming to lift its force majeure within months
25 July 2025
There is a bifurcation in the global oil market as China’s stockpiling contrasts with reduced inventories elsewhere
24 July 2025
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats
24 July 2025
Trump energy policies and changing consumer trends to upend oil supply and demand
