Bloomberg Law
April 19, 2022, 3:46 PM

Tellurian Looking at U.S. Export Financing for Driftwood LNG

Sergio Chapa
Sergio Chapa
Bloomberg News

U.S. liquefied natural gas developer Tellurian Inc. is looking at the U.S. Export-Import Bank as an “additional option” to secure financing for its proposed $12 billion Driftwood LNG project in Louisiana, the company’s board chair Charif Souki said on YouTube.

Ex-Im could potentially provide very large loans or loan guarantees for the construction of U.S. LNG export projects after the bank last week left the door open to financing such projects as part of a policy change. The move comes amid war in Ukraine and the Biden administration’s commitment to help Europe end its dependency on Russian energy.

“This would ...