Articles tagged Driftwood Lng

Woodside Energy Group Ltd. is betting on a big future for LNG and the U.S. Gulf Coast’s role in it after making a bold move last month to acquire Tellurian Inc. and its Driftwood liquefied natural gas export project in Louisiana.

Aethon Energy Management LLC overtook Ascent Resources LLC as the Lower 48’s top privately held natural gas producer in 2023, according to new research by Enverus.

A roundup of news and commentary from the global gas market

Tellurian Inc. is looking to join the wave of Gulf Coast LNG developers partnering with exploration and production (E&P) companies on tolling agreements to raise international exposure, executive chairman Martin Houston said Tuesday.

Tellurian Inc. has made another executive leadership change, this time choosing to part ways with its CEO, as it tries to fast track development of its Driftwood LNG project.

Tellurian Inc. said Tuesday it is exploring opportunities to sell its upstream natural gas business in the Haynesville Shale. 

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.

Tellurian Inc. said it could soon be insolvent unless it raises more capital to pay off debt and fund its operations as plans to develop the Driftwood LNG export terminal in Louisiana haven’t become a reality. 

Baker Hughes Co. has inked a deal to supply Tellurian Inc.’s Driftwood export terminal in Louisiana with liquefaction equipment, keeping the project on track to achieve first LNG in 2027 even though it hasn’t been sanctioned yet. 

Tellurian Inc. said in a regulatory filing Thursday it signed a binding letter of intent (LOI) to sell 800 acres for its Driftwood LNG export project in Louisiana to an unnamed institutional investor for $1 billion and then lease the property.