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Production, Weather Data Drive Natural Gas Futures Price Recovery
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Tellurian inks LNG supply agreement with Gunvor

Sign up here for GlobalData s free bi-weekly Covid-19 report on the latest information your industry needs to know. US-based Tellurian has signed a long-term agreement with commodity trader Gunvor Group for three million tonnes per annum (Mtpa) of LNG. Tellurian will supply the LNG to Gunvor Singapore from the proposed Driftwood LNG in the US on free on board (FOB) basis for ten years. Located near Lake Charles, Louisiana, the Driftwood LNG project involves the construction of a 27.6Mtpa LNG terminal and 154.5km of feed gas pipeline. It is being developed in four phases. Tellurian president and CEO Octávio Simões said: “Tellurian intends to market up to 10 mtpa of LNG in our first phase on a JKM, TTF or blended price basis, as our integrated model provides the flexibility to offer this valuable product.

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