BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 28.Apr.2025) — Australia’s Woodside Energy has taken a final investment decision (FID) to develop the 3-train, 16.5 million tonne per annum (MTPA) Louisiana LNG development. There, Woodside is targeting the first liquefied natural gas (LNG) cargoes sailing in 2029.Â
Tag: Driftwood LNG LLC
Woodside announces $5.7bn deal with Stonepeak for Louisiana LNG partnership
ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 7.Apr.2025) — Woodside Energy entered into a binding agreement for divestment of a 40% interest in Louisiana LNG Infrastructure LLC (InfraCo) to Stonepeak. The agreement provides validation of the project’s quality and increasing attractiveness to other potential equity partners, according to Woodside. The […]
Martin Houston Becomes Tellurian Chairman [PDF Download]
(Tellurian, 8.Dec.2023) — Tellurian Inc. (NYSE American: TELL) announced that its Board of Directors has named Martin Houston, Co-Founder and Vice Chairman, to be Chairman of the Board of Directors. Co-Founder Charif Souki will no longer serve as an executive or officer of the company or hold any managerial responsibilities. […]
Tellurian Reports Large 3Q:23 Operating Loss [PDF Download]
(Tellurian, 2.Nov.2023) — Tellurian Inc. (NYSE American: TELL) continues to progress the production and sales of natural gas and the financing and construction of its Driftwood project. President and CEO Octávio Simões said, “Tellurian’s upstream segment continues to provide growing natural gas production, improving significantly over the third quarter of […]
Tellurian and Baker Hughes Reveal Deal for Driftwood LNG Phase 1
(Tellurian, 5.Sep.2023) — Tellurian Inc. (NYSE American: TELL) and Baker Hughes (NASDAQ: BKR) announced Wednesday an agreement to supply eight main refrigerant compression packages for Phase 1 of the Driftwood LNG project. The agreement secures a delivery schedule for the eight LM6000PF+ gas turbines, main refrigerant compressors, and control units […]
Tellurian Reports Weak 1Q:23 Financial Results [PDF Download]
(Tellurian, 3.May.2023) — Tellurian Inc. (NYSE American: TELL) continued making progress on Driftwood LNG phase one construction, added to natural gas acreage, production and sales, and repaid $166.7mn in principal balance of borrowing obligations in the first quarter 2023. Subsequent to the quarter end, Tellurian also advanced Driftwood project funding […]
Tellurian Enters into Material Definitive Agreement
(Tellurian, 6.Apr.2023) — On 4 April, 2023, Tellurian Inc. entered into a binding letter of intent (the “LOI”) with a New York-based institutional investor with approximately $120bn in assets under management regarding the sale and leaseback of approximately 800 acres of land owned and/or leased by Driftwood LNG LLC, a […]