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Tellurian Struggles to Sanction Driftwood LNG

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US developer Tellurian signed the last offtake deal for its proposed 27 million ton per year Driftwood LNG plant over a year ago but has since struggled to secure final financing for the project. This comes as rival US LNG projects have clinched over 50 million tons' worth of deals since the beginning of 2022. Investment bank Morgan Stanley said in a recent research note it still expects a formal final investment decision for Driftwood LNG in early 2023. However, the bank says it recognizes "a wide range of valuation outcomes."

Topics:
LNG Projects, LNG Supply, LNG Contracts, Liquefaction
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