Tellurian Inc., the developer of the long-delayed Driftwood LNG project, said last week that it was in talks with potential equity partners who were primarily evaluating the cost risks of entry, Reuters reports.
Tellurian has been struggling to recruit customers and investors for the first phase of the Louisiana plant, worth up to $14.5 billion, after suffering some setbacks.
“The risk of execution was not high on the list,” said Chief Executive Octavio Simoes at the recent Gastech industry conference. “But the risk of cost, yes, they have to get comfortable with.”
The project was hit by cancellation of some supply deals last year after two likely customers raised concerns about Tellurian’s ability to finish it. Read more.