Tellurian to watch spending as commercial talks extend later than previously expected

摘要

Tellurian is reviewing its spending as commercial talks to secure sufficient equity agreements to finance its Driftwood LNG export project stretch into 2020, slightly later than previous estimates, CEO Meg Gentle said in an internal podcast posted on the company’s website Friday. The developer burned through cash, on an adjusted basis, at a rate of approximately $12 million a month in the third quarter, and some analysts have raised questions about its liquidity as it heads into a critical period for wrapping up commercial deals tied to the Louisiana project. Bank financing depends in part on the success of those efforts.