Tellurian Inc is facing a new setback in a long-running effort to advance a $12.5 billion U.S. liquefied natural gas (LNG) export project.
The logo of Tellurian Inc is seen in its booth at Gastech, the world's biggest expo for the gas industry, in Chiba, Japan April 4, 2017. REUTERS/Toru Hanai/File Photois facing a new setback in a long-running effort to advance a $12.5 billion U.S. liquefied natural gas export project.
Commodities trader Gunvor Ltd can walk away from a 10-year, about $12 billion commitment to buy LNG if Tellurian's Driftwood LNG project lacks a financial go-ahead, project financing and a full construction authorization by Feb. 28. A Gunvor exit, the project's third since September, will not be a fatal blow. Tellurian has changed its mind on selling equity in the plant to customers and has missed several go-ahead targets while chasing potential investors, said analysts.The timetable is unlikely to be met, said Alex Munton, global gas and LNG director at energy consultants Rapidan Energy Group. Tellurian needs one or more equity investors to win customers and secure project financing, he said.
"Banks are telling Tellurian we want to see a lot of equity put in" by investment-grade partners that can help shoulder the plant's costs. "The real hammer blow for these projects is the cost of capital," said Munton. Cost of capital has climbed with interest rates.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Last of Columbus-area defendants sentenced for laundering nearly $12 million in romance scamSeven Columbus-area defendants have been sentenced for laundering nearly $12 million from an online romance scam perpetrated by scammers in Ghana.
Baca lebih lajut »
Merck's Big Upgrade: 4 Big Analyst Calls | Pro Recap | Investing.comStocks Analysis by Garrett Cook covering: Alcoa Corp, Merck & Company Inc, Wingstop Inc, Dun And Bradstreet Holding Inc. Read Garrett Cook's latest article on Investing.com
Baca lebih lajut »
Black on the Block Festival ft. Baby Tate Tickets | $12 | 26 Feb 2023 @ LA Center Studios, Los Angeles | DICEThere’s no better way to celebrate Black History Month than at Black on the Block on Sunday, February 26th! Enjoy 100+ Black-owned businesses, a food court, ...
Baca lebih lajut »
Disinformation Inc: Government-backed group tried to punish sites boosting COVID lab leak theoryThis is part of a Washington Examiner series on self-styled 'disinformation' tracking groups that are blacklisting and trying to defund conservative media. Here is where you can read other stories in the series.
Baca lebih lajut »
Kawasho Foods USA Inc. recalls canned shrimp product for leakingThe canned product was sold by major retailers including Walmart, Albertsons in California, Colorado and Utah and Safeway.
Baca lebih lajut »
Japan to promote gas, LNG, hydrogen investments during G7 presidency - METIJapan plans to emphasise the importance of investments in natural gas, liquefied natural gas as well as cleaner fuels such as hydrogen and ammonia during the country's presidency at the G7 summit later this year, a senior energy official said.
Baca lebih lajut »