Tellurian rises on FERC extension for Driftwood LNG facility
16/02/2024 13:01
** Shares of liquefied natural gas firm Tellurian Inc
TELL.A up 1.16% at $0.83 premarket
** Co wins a three-year permit extension to complete
construction of its Driftwood LNG facility near Lake Charles,
Louisiana
** The Federal Energy Regulatory Commission (FERC) permit
requires construction to be completed by April 18, 2029
** When completed, the facility will have a capacity of
~27.6 million tonnes per annum (mtpa)
** TELL shares lost ~55% in 2023
(Reporting by Roshia Sabu in Bengaluru)
((Roshia.Sabu@thomsonreuters.com))