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Business
Liquefied Natural Gas


TELLURIAN EYES $3.2 BILLION IN EQUITY FOR DRIFTWOOD LNG

Tellurian Inc., pushing forward the proposed Driftwood LNG facility in Lake
Charles, La., is seeking $3.2 billion of partner equity at the Driftwood level
to build the facility, executive chairman Charif Souki said.

Pietro
Pitts
Hart Energy
Tue, 02/14/2023 - 12:00 PM

An artist illustration of the proposed Driftwood LNG project. (Source: Driftwood
LNG)

Tellurian Inc. is seeking $3.2 billion from equity partners to complete
construction of Phase I of the proposed 27.6 million tonnes per annum (mtpa)
Driftwood LNG LLC export facility, Tellurian executive chairman Charif Souki
said in a corporate video on Feb. 7.

“An optimal liquefaction facility of around 11 mtpa in the U.S. will cost $14
billion,” Souki said in the video posted on Tellurian’s website.

Souki said Tellurian originally sought $4.5 billion in equity, but is now
seeking only $3.2 billion after spending $1 billion in 2022 and in 2023,
anticipates spending $300 million. The remaining capital to cover the project
cost would include $7 billion in debt and $1.5 billion in mezzanine financing. 

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IN THIS ARTICLE

NASDAQ: TELL Tellurian Inc.
▼1.51 -37.86%


Chart reflects yearly performance.


PIETRO PITTS

Pietro Donatello Pitts is the International Managing Editor for Hart Energy. He
covers Latin America and the Caribbean, Europe, Asia, Africa and beyond.
Pitts has worked for Bloomberg Venezuela and Energy Intelligence and prior
thereto in equity research with Morgan Keegan and Jefferies &
Co. Pitts graduated from the University of Houston (Finance major). Twitter:
@PietroDPitts


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