Bloomberg News reports that Tellurian Inc. is in talks with unidentified Asian companies to sell almost half the liquefied natural gas output from its proposed Louisiana export terminal.
Just hours after Indian gas distributor Petronet LNG Ltd.’s chief executive officer signaled a plan to invest in Tellurian’s Driftwood LNG project is dead, Tellurian Chairman Charif Souki told Bloomberg News he’s got other investors interested in buying 12 million metric tons of the terminal’s production annually.
Those deals will be finalized during the first half of 2021, with construction at Driftwood expected to begin in the summer months. He also said Tellurian no longer will employ memorandums of understanding as preludes to more in-depth deal talks.
Total SE remains Tellurian’s only customer. The French oil giant has committed to invest $500 million and buy 2.5 million tons annually.