LNG developer Tellurian to not extend CEO's employment term (updated)
04/03/2024 12:36
(Adds details in paragraph 1-3)
March 4 (Reuters) - LNG developer Tellurian TELL.A
said on Monday it would not renew or extend the employment term
of CEO Octavio Simoes beyond June 5, and aims to sell its
upstream business as it no longer sees it "a core strategic
need"
The company, which is struggling to keep its Driftwood LNG
project alive, late last year ousted its chairman and
co-founder, Charif Souki.
Tellurian has not been able to attract the commercial
support for the Driftwood project and is yet to give the
financial green light to the project.
(Reporting by Arunima Kumar in Bengaluru; Editing by Sriraj
Kalluvila)
((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94
;))