• Natural Gas News

    Tellurian pens LNG supply deal with Gunvor


The agreement brings Tellurian's Driftwood LNG project in Louisiana one step closer to realisation.

by: Joseph Murphy

Posted in:

Complimentary, NGW News Alert, Natural Gas & LNG News, Americas, Liquefied Natural Gas (LNG), Corporate, Contracts and tenders, News By Country, United States

Tellurian pens LNG supply deal with Gunvor

US LNG developer Tellurian announced on May 27 it had reached a 10-year deal to supply 3mn metric tons/year of LNG to commodities trader Gunvor from its planned Driftwood terminal in Louisiana, bringing the project a key step closer to realisation.

The contract is indexed to Asia's JKM and the Dutch TTF indices, netted back for transportation charges, and covers LNG deliveries on a free on board basis. Tellurian estimates that the deal would bring in $12bn in revenues over the 10-year period at today's prices.


The National Gas Company of Trinidad and Tobago Limited (NGC) NGC’s HSSE strategy is reflective and supportive of the organisational vision to become a leader in the global energy business.


S&P 2023

Tellurian plans to market up to 10mn mt/yr of LNG supply from the first 16.5mm mt/yr phase of Driftwood. The company hopes to launch the terminal in 2025, but it is yet to take a final investment decision, because of delays securing customers for its gas.

France's Total signed a heads of agreement in 2019 to offtake 2.5mn mt/yr of LNG from the project and invest up to $900mn in its development. India's Petronet had expressed interest in becoming an investor and offtaker last year, but later ruled out its involvement.