HOUSTON, March 19 — Two years ago, the American liquefied natural gas company Tellurian was in free fall: Its stock price collapsed, it laid off 40 per cent of its staff, and suspended a key project in Louisiana.
On March 8, the United States banned all imports of LNG, petroleum and coal from Russia, and has for years encouraged its European allies to decrease their dependence on their eastern neighbour. That’s the case for Driftwood LNG, Tellurian’s future liquefaction plant and export terminal, south of Lake Charles, Louisiana.
A network of pipelines connects the states’ ports to gas fields across the country, from the Permian and Haynesville basins in the south to the Marcellus, the country’s largest onshore reserve, in the northeast. He added that, in his estimation, the government’s regulatory approvals for both Calcasieu and another project near New Orleans have been “faster than they were before” the war in Ukraine.
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