Is Tellurian Going Out Of Business 2024?

About Tellurian

Tellurian is a natural gas company. It was founded in the year 2016 by Charif Souki.

About Tellurian

Charif Souki was the former founder and CEO of Chinere Energy. This give him the idea start his own natural gas company.

The Driftwood LNG Project

Driftwood LNG Project is the flagship project of Tellurian. The project aims to produce 27.6 million tons of LNG per year.

The Driftwood LNG Project

The company have used more than $1 billion into the site. So, if the project gets completed then the plant will be the largest LNG export terminal in the USA.

Challenges Faced By Tellurian

1. US-China Tension 2. Delays in Driftwood 3. Fuel Prices Decrease 4. Impact of COVID-19

The Reason Of Failure 

Tellurian is struggling because of the financing. The company doesn't have the ability ro raise equity in order to build the plant.

Financial Position Of Tellurian 2023

Revenue: $43.25M Assets: $1.27B Total Debt: $494.06M Liabilities: $658.22M

Is Tellurian Going Out Of Business?

Tellurian has been struggling for finance. However, nothing can be said as there is no official statement from the company about shut down.