Liquefied natural gas (LNG) developer Tellurian has hired investment banker Lazard Inc amid a search for investors and customers for its Driftwood LNG export terminal, the company said on Thursday.
The Driftwood LNG plant is set to be one of the biggest in the world, but Tellurian has asked for a three-year construction permit extension as work is moving forward slowly.
The agreement secures a delivery schedule for the eight LM6000PF+ gas turbines, main refrigerant compressors, and control units required for Phase 1, supporting Driftwood’s ability to achieve initial liquefied natural gas (LNG) production in 2027.