Tellurian chairman Charif Souki speaking at a gas event
Debt cliff looms for Tellurian
Question marks over Driftwood LNG project as would-be LNG exporter scrambles to service creditors
US LNG developer Tellurian had spoken optimistically about reaching FID on its landmark Driftwood LNG project this year. In July, French equity partner Total confirmed an investment of $500mn, and in September Indian importer Petronet signed a memorandum of understanding for up to 5mn t/yr. Momentum was starting to build. But progress now looks less certain, ratcheting up investor nerves. During US President Donald Trump’s visit to India in February, Petronet announced it would delay its final decision by a further two months; the new deadline is 31 May. This uncertainty has combined with plummeting spot and oil-linked LNG prices—on the back of the Opec+ failure and Covid-19 impacts on deman
Also in this section
9 January 2026
OPEC+ remains on track as output falls, with only Gabon failing to hit its output targets in December, although Kazakhstan’s compliance was involuntary
9 January 2026
The Latin American producer’s crude prospects rely on a multi-pronged approach where even the relatively easy wins will take considerable time, effort and cost
9 January 2026
While many forecasters are reasserting the importance of oil and gas, petrostates should be under no illusion things are changing, and faster than they might think
8 January 2026
Indonesia and Malaysia are at the dawn of breathtaking digital capabilities. Their energy infrastructure must keep up with their ambitions
