“Currently, this approach is more attractive than issuing equity to fund our 2024 development activities and working capital needs,” Simões added.
Tellurian has instructed Bechtel Energy to begin construction at the Driftwood LNG plant, in Louisiana.
Venture Global’s Calcasieu Pass LNG is loading its first cargo, while Cheniere Energy has announced Train 6 at its Sabine Pass project is complete.
Tellurian has opted to scrap its planned note sale after Nasdaq refused to list the bonds.
TotalEnergies and Tellurian have parted ways over an ambitious LNG supply and shares agreement.
Tellurian has signed a sale and purchase agreement with Vitol for the supply of 3 million tonnes per year.
Tellurian Inc. said it signed a $7.5 billion agreement for India’s Petronet LNG Ltd. to buy into its proposed liquefied natural gas terminal in Louisiana, in what could potentially be one of the largest foreign investments in the U.S. to ship shale gas abroad.
French energy major Total said it will invest more than $700 million in Houston-based Tellurian and its Driftwood liquefied natural gas export project in Louisiana.
Tellurian, the Houston liquefied natural gas company co-founded by ex-Cheniere Energy boss Charif Souki, said U.S. steel tariffs could raise costs of the $15.2 billion Driftwood LNG export terminal under construction in Louisiana.
Tellurian Investments and Magellan Petroleum Corporation completed have finalized their merger.
Total has invested $207million in n Tellurian to develop an integrated gas project.