GE Oil & Gas Invests $25 Million in Driftwood LNG Parent
Tellurian Investments Inc. (Tellurian), owner of Driftwood LNG, has announced that GE Oil & Gas has made a $25 million preferred equity investment in Tellurian. The proposed Driftwood LNG export terminal would be located on the west side of the Calcasieu River, near Carlyss, Calcasieu Parish, La. Tellurian President and CEO Meg Gentle said in a press release: “This investment represents another step forward in the development of Driftwood LNG, where we are working together with GE to design the lowest cost liquefaction for the global market. GE Oil & Gas has provided technology for LNG facilities worldwide for over 25 years and is a pioneer in innovation and a leader in reliability. We look forward to a long and beneficial partnership with the GE team.”