Tellurian picks Driftwood Holdings financial advisors

The Houston-based LNG export project developer, Tellurian, has engaged Goldman Sachs and Societe Generale to serve as financial advisors for Driftwood Holdings. 

Driftwood Holdings is a unit of Tellurian formed to own and operate Tellurian’s gas producing assets, pipeline assets, and the Driftwood LNG export facility, Tellurian said in a statement.

Tellurian was founded by Charif Souki and Martin Houston and is led by president and CEO Meg Gentle.

Tellurian is developing a portfolio of natural gas production, LNG trading, and infrastructure that includes a 27.6 mtpa LNG export facility and an associated pipeline.

At the end of last year, the company said it will develop its pipeline network to expand supply alternatives for growing natural gas demand in Southwest Louisiana.

The network would include the previously unveiled Driftwood pipeline and the two additional pipelines would cater for the growing gas demand.

The Driftwood pipeline is anticipated to be in-service mid-2021 and the additional two pipelines are anticipated to be in-service by the end of 2022, subject to commercialization.

Tellurian expects to begin construction of the Driftwood LNG plant in early 2019, assuming FERC issues a favorable EIS and the company reaches a final investment decision.

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