Tellurian inches towards FID

The Gulf Coast LNG company is confident about global gas demand but first needs to source its Haynesville feedstock

The next six months will be crucial to the expansion of the Haynesville play and the global role of US gas. Budding LNG exporter Tellurian expects to make FID on its landmark 11mn t/yr Driftwood project, in southwestern Louisiana, in the first quarter of 2022. Offtake has been agreed, but the firm still needs to source the vital gas feedstock and finance the project before it can set the wheels in motion. Tellurian is in talks with several banks for funding and is bullish about the project’s long-term prospects. The trio of Shell, Dutch trader Vitol and Swiss-based Gunvor have each agreed to take 3mn t/yr from Driftwood. And the US exporter is guiding $5bn in annual free cash flow at curren

Welcome to the PE Media Network

In 2021 Petroleum Economist is joined by Hydrogen Economist and Transition Economist to form the only genuinely comprehensive intelligence service covering the global energy industry

Want to read more?

Please choose from one of the following options:

Already registered?
Click here to log in Subscribe now
to get full access to PE + HE + TE editorial and data Register now
to receive our newsletters and unlock up to three articles per month for free Any questions?
Contact us

Comments

{{ comment.comment.Name }} Editor • {{ comment.timeAgo }}

Also in this section

Beijing strives to balance security and decarbonisation

15 October 2021

The ongoing global energy crunch underlines the difficult task facing China’s leaders in balancing energy supply security while reaching net zero in the next 40 years

Occidental exits Ghana

15 October 2021

The US super-indie is divesting its assets in the country

Gran Tierra cranks up the gears

14 October 2021

Midstream takeaway has returned to normal in Colombia, paving the way for production growth opportunities