Tellurian raises additional finance to prop up Driftwood LNG

Monday, 04 May 2020

Tellurian Inc., the developer of the Driftwood LNG project near Lake Chares, has raised some additional institutional investor funds to give it more time to secure offtake deals, like the one proposed with Petronet of India. CEO Charif Souki said Tellurian executed an agreement to sell $56 million of zero-coupon, unsecured notes for $50 million.

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