Pacific Energy is in negotiations with Tellurian and NextDecade for LNG cargoes from their proposed export terminals along the US Gulf Coast, reported Bloomberg, citing sources.
These discussions are focused on super-chilled gas from Tellurian’s Driftwood LNG project in Louisiana and NextDecade’s Rio Grande terminal in Texas.
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Pacific Energy, a unit of Singapore-based Royal Golden Eagle, is developing the Woodfibre LNG project in Canada, which aims to produce around 2.1 million tonnes of LNG annually, with storage capacity of 250,000m³ and necessary export facilities.
Additionally, it has a presence in Canada’s Montney Basin through Pacific Canbriam Energy, which specialises in liquids-rich natural gas production, and holds a 25% stake in the Jiangsu Rudong LNG terminal in China.
A NextDecade representative said the company refrained from commenting “on rumors or speculation”, and Tellurian did not respond to requests seeking comments.
For Pacific Energy, spokesperson John Morgan said: “We do not comment upon market speculation,” the publication said. The first phase of NextDecade’s Rio Grande LNG project is currently under construction near Brownsville, Texas.
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By GlobalDataConversely, Tellurian’s Driftwood LNG project has struggled to secure the necessary financial support.
In February, reports emerged that Tellurian was considering selling its Haynesville upstream assets in east Texas and Louisiana to fund the Driftwood project, enlisting Lazard as a financial advisor for the potential sale.
Both the Driftwood LNG and Rio Grande LNG projects have received approval from the US Energy Department.
