Tellurian rises on FERC extension for Driftwood LNG facility

Tellurian

16/02/2024 16:13

(Updates)
    ** Shares of liquefied natural gas firm Tellurian Inc
 TELL.A  up 3.3% at 85 cents 
    ** 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)
    ** Including session's gains, TELL up 12% YTD

 (Reporting by Roshia Sabu in Bengaluru)
 ((Roshia.Sabu@thomsonreuters.com))