Magellan, Tellurian complete merger

Magellan, Tellurian complete merger
Rendering of the Driftwood LNG project (Image courtesy of Tellurian)

Magellan Petroleum, an independent oil and gas exploration and production company, on Friday, said it has completed its merger with Tellurian Investments, under the name Tellurian Inc. 

As part of finalizing the merger, Tellurian has appointed Antoine Lafargue previously the chief executive officer of Magellan, as the merged company’s CFO.

Tellurian Investment was formed in February 2016, by Charif Souki, former founder and CEO of LNG export player Cheniere Energy and Martin Houston, former COO of BG Group, now owned by Shell.

Commenting on the completion of the merger, Meg Gentle, Tellurian’s president and CEO said the company is focused on delivering LNG to the global market as it progresses the development of “large-scale energy infrastructure on the U.S. Gulf Coast, including the 26 million tons per annum Driftwood LNG facility in Calcasieu Parish, Louisiana, which is scheduled to begin construction in 2018.”

Gentle said a formal permit application with the Federal Energy Regulatory Commission is the next milestone in the development of the project.

The joint company plans to start operations at its Driftwood LNG plant in 2022.

Share this article

Follow LNG World News

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

FSRU World Congress 2020

FSRU World Congress 2020 will therefore focus on further Commercialising FSRUs through LNG-to-Power…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Houston / Feb 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Mar 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills…

read more >

3rd CWC Japan LNG & Gas Summit

As the only commercially focused forum for the Japanese LNG industry

read more >