This week's decision by Australia's Woodside Petroleum Ltd (WPL.AX) to pull out of a big Canadian liquefied natural gas (LNG) project was the latest blow to a sector that has been heralded for its growth prospects worldwide.
Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now During a wide-ranging discussion at the Citi Global Energy & Utilities Virtual Conference, Souki said Tellurian will probably sell 12 million-15 million mt/year of supply totally on Zoom. In a telephone interview with S&P Global Platts after the conference, Souki said Tellurian was in advanced talks with four or five LNG buyers for volumes that Tellurian is marketing on its own, not volumes that would be covered by equity partners the company has been soliciting. Tellurian s only firm commercial deal tied to Driftwood that has been announced to date is a 2019 agreement with France s Total that covers 1 million mt/year of partner volumes and 1.5 million mt/year of marketing volumes.
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Tellurian Inc. (NASDAQ:TELL) to Present at Citi 2021 Global Energy and Utilities Virtual Conference
May 11, 2021 GMT
Tellurian Founder and Executive Chairman Charif Souki (Photo: Business Wire)
HOUSTON (BUSINESS WIRE) May 10, 2021
Tellurian Inc. (Tellurian) (NASDAQ: TELL) announced today that Executive Chairman Charif Souki will participate in a Fireside Chat at the Citi 2021 Global Energy & Utilities Virtual Conference on May 12, 2021 at 12:50 p.m. Eastern time. The live webcast will be accessible via this direct link.
Tellurian Founder and Executive Chairman Charif Souki (Photo: Business Wire)
Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The disclosure, in a podcast posted on Tellurian s website, comes as the company recently paid off all its debt and continues to focus on securing commercial deals to finance construction of its proposed Driftwood LNG export terminal in Louisiana. In an interview with S&P Global Platts in March, CEO Octavio Simoes said Tellurian plans to produce all the natural gas it will need to feed Driftwood and will not sanction the up to 27 million mt/year liquefaction project until it has secured sufficient upstream reserves for the 16 million mt/year first phase. Though it currently has a small acreage position in the Haynesville 9,373 net acres and interests in 72 producing wells as of March Tellurian is looking to grow. It resumed its drilling program by spudding a new well April 25, Souki said in the company podcast.