US LNG developers with operational projects anchored by long-term contracts,such as Sempra Energy and Cheniere Energy,are slowing their expansion plans but staying afloat.But those without existing projects or revenue,like Tellurian and LNG Ltd.,are swimming toward the lifeboats.Tellurian,the second company to be headed by industry pioneer Charif Souki,is slashing its corporate spending and reorganizing its finances as its 27.6 million ton per year(3.6 billion cubic feet per day)Driftwood LNG project hovers short of a final investment decision(FID).
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