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Tellurian had previously said that it was looking at all options, including a potential sale, to keep its Driftwood LNG export project alive. The company's shares lost 55% of their value in 2023 as Tellurian has been unable to attract commercial support for the project and is yet to give it a financial green light. David Belhumeur, who took over as the company's president last December, could earn $15 million, finance chief Simon Oxley $12 million and accounting chief Khaled Sharafeldin $4.5 million, under the company's Driftwood Incentive Program. ....
Deepak Fertilisers will primarily use the gas as feedstock for the production of ammonia in its newly commissioned plant for manufacturing fertilisers and petrochemicals. ....
Upon completion, the nearshore LNG plant will increase Petronas’ LNG production from floating LNG facilities from 2.7mn tonnes/year to 4.7mn tonnes/year. [Image: Straatman] ....