HomeNewsTellurian faces setback in $12.5-B Driftwood LNG project

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Tellurian faces setback in $12.5-B Driftwood LNG project

3/1/2023

Gas Processing & LNG   Tellurian is facing a new setback in a long-running effort to advance a $12.5-B U.S. LNG export project. Commodities trader Gunvor Ltd can walk away from a 10-year, $12 B commitment to buy LNG if Tellurian's Driftwood LNG project lacks a financial go-ahead, project financing and a full construction authorization by Feb. 28. A Gunvor exit, the project's third since September, will not be a fatal blow. Tellurian has changed its mind on selling equity in the plant to customers and has missed several go-ahead targets while chasing potential investors, said analysts. Tellurian and Gunvor spokespeople declined to comment ahead of the deadline. The timetable is unli

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