Cheniere Energy Dismisses Lawsuit Against Tellurian
[Click image to enlarge]
Tellurian Inc. said that Cheniere Energy has permanently dismissed all claims against Tellurian, Chairman Charif Souki, and Vice Chairman Martin Houston.
“Although this frivolous lawsuit was clearly an attempt to disrupt the hard work and success we are having at Tellurian, it never distracted us from our focus on building Tellurian’s global natural gas business, beginning with Driftwood LNG,” said Tellurian Chairman Charif Souki.
Driftwood LNG is a proposed ~27.6 mtpa liquefaction export facility and associated infrastructure that will be located near Lake Charles, Louisiana on the U.S. Gulf Coast. The proposed facility is situated on ~1,000 acres of land with deep water access, and ample pipeline infrastructure.
The project is backed by a lump sum turn key engineering and procurement contract with Bechtel that guarantees cost, performance and schedule. Bechtel has progressed the engineering to over 28 percent complete, all construction permits have been secured, and the project is shovel ready. Work is expected to begin this year, with first liquefaction in 2023.
Commercially, Tellurian has contracted with Total as an equity partner, and in late 2019, Tellurian signed a memorandum of understanding with Petronet in the presence of India’s Prime Minister Modi and with the support of both U.S. and Indian governments.
“I look forward to my next trip to India and anticipate finalizing our agreements by the end of March,” added Souki.
About Tellurian Inc.
n was founded by Charif Souki and Martin Houston and is led by President and CEO Meg Gentle. Tellurian intends to create value for shareholders by building a low-cost, global natural gas business, profitably delivering natural gas to customers worldwide. Tellurian is developing a portfolio of natural gas production, LNG trading, and infrastructure that includes an ~ 27.6 mtpa LNG export facility and an associated pipeline. Tellurian is based in Houston, Texas.
To stop by Tellurian’s website, CLICK HERE
Be in-the-know when you’re on-the-go!
FREE eNews delivery service to your email twice-weekly. With a focus on lead-driven news, our news service will help you develop new business contacts on an on-going basis.
CLICK HERE to register your email address.
Copyright © 2020 Mining Connection LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
For licensing permission, .(JavaScript must be enabled to view this email address)
