HOUSTON, TX–(Marketwired – March 10, 2017) – Tellurian Inc. (NASDAQ: TELL) (“Tellurian”) announced today that they have selected SG Americas Securities, LLC to provide general financial strategy and planning for the development and financing of Driftwood LNG, their 26 million tonnes per annum (mtpa) liquefied natural gas (LNG) export project near Lake Charles, Louisiana in the US Gulf Coast. SG Americas, LLC is the US broker-dealer subsidiary of Société Générale Corporate and Investment Banking (SG CIB). SG CIB, the investment banking arm of Société Générale, is a leading provider of global finance, investment banking and global markets services globally.
Tellurian President and CEO Meg Gentle said, “The advisory team at SG is a leader in LNG financing. With their expertise at hand, we will move forward with the financial structuring of Driftwood LNG. We anticipate construction in 2018 and first LNG from Driftwood LNG in 2022.”
Tellurian Investments Inc. was founded as a private company on February 23, 2016, by Charif Souki and Martin Houston. On February 10, 2017, it merged with a wholly owned subsidiary of Magellan Petroleum Corporation. Upon close of the merger, Magellan Petroleum Corporation changed its name to Tellurian Inc. (Tellurian), and is listed on the Nasdaq under the symbol TELL. The employees and contractors of Tellurian are experienced industry experts developing low-cost LNG infrastructure projects along the United States Gulf Coast. The team plans to deliver low-cost LNG to customers from Driftwood LNG, a 26 million tonnes per annum liquefied natural gas export facility expected to become operational in 2022.