Tellurian
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First LNG at Tellurian’ asset known as Driftwood LNG before Woodside’s acquisition last year is expected in 2029. -
Stonepeak will pay $5.7 billion for 40% interest in the project due for FID later this year.
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The $900-million purchase will give Woodside a US LNG footprint and expand the operator’s LNG presence.
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The company looks to focus its efforts on getting phase one of its Driftwood LNG up and running by shedding Haynesville acreage.
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If the sale closes, the company will lease back the parcel under a 40-year term.
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Tellurian awarded a contract that will result in the first application of the service provider's integrated compressor line technology in North America.
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The latest move by Tellurian signifies a business model change from a financial partnership with LNG users to sales to traders.
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Energy trader Vitol will take 3 mtpa over a 10-year period.
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Driftwood gets the green light, as demand rebounds and the stars align at last.
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Tellurian CEO Meg Gentle outlined how the US LNG market should address expected tight market conditions through 2025 while managing a transition to a carbon neutral environment.
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