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Tellurian - American spirit

Despite a global supply glut, Tellurian is pressing ahead with plans to build more cheap US LNG-export capacity

Charif Souki and Martin Houston's quest to capitalise on the American liquefied natural gas-export boom took another step forward in February with the merger of their private Tellurian Investments vehicle with the small Nasdaq-quoted Magellan Petroleum. It creates a listed company to develop the proposed Driftwood LNG project. The new company, to be known as Tellurian Inc, can now focus on the small matter of raising the billions of dollars needed to make Driftwood a reality. Tellurian was created in February 2016 not long after Souki was ousted as chief executive of Cheniere Energy—a company he founded—which became the first firm to export LNG from the lower 48 states of the US, also last

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