US LNG player Tellurian contracted SG Americas Securities, a unit of Société Générale, to provide financial strategy and planning for the development and financing of the proposed Driftwood LNG project.
Tellurian is developing a 26 million tons per annum (mtpa) liquefied natural gas export project near Lake Charles, Louisiana in the US Gulf Coast.
Speaking of the agreement with Société Générale, Meg Gentle, Tellurian president and CEO said that with SG onboard, the company intends to “move forward with the financial structuring of Driftwood LNG.”
The company, that 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, expects to start construction of the project in 2018.
First LNG expected to be produced from Driftwood LNG in 2022, Gentle added.
At the beginning of February, Tellurian Investments merged with Magellan Petroleum, an independent oil and gas exploration and production company, under a name Tellurian.
LNG World News Staff