Tellurian transfers stock listing to NYSE American

US LNG firm Tellurian said it would transfer the listing of its common stock from the Nasdaq Capital Market to the NYSE American.

The Driftwood LNG export project developer said its common stock would begin trading on the NYSE American on November 2, 2021, and would remain under the current symbol “TELL”.

Tellurian expects trading of the common stock on its current platform to continue until the close of business on November 1, 2021.

Co-founder and executive chairman Charif Souki said transferring of the company’s stock listing to the NYSE American “allows us to leverage the exchange’s prestigious trading platform for our shareholders’ benefit.”

According to Souki, global natural gas shortages and recent history-making prices indicate the “pressing need” for additional liquefaction export capacity in the US.

“Tellurian is poised to contribute to America’s status as an energy superpower, having achieved both regulatory permits and commercial success for Driftwood LNG phase one development,” he said.

“We have turned our focus to putting together a world class banking group and have started site preparation, in advance of giving our partner Bechtel notice to proceed with construction expected first quarter 2022,” he said.

Tellurian is developing the 27.6 mtpa Driftwood LNG export project in Louisiana.

The Houston-based firm has this year signed three 10-year LNG supply deals for the project for a total of 9 mtpa. These include contracts with Gunvor, Vitol, as well as with Shell.

- Advertisements -

Most Popular

Golden Pass LNG to speed up pipeline construction

QatarEnergy and ExxonMobil are seeking approval from US energy regulators to increase the peak workforce to speed up the...

US FERC to decide on Venture Global’s CP2 LNG project

The US FERC is set to decide next week on Venture Global LNG's proposed CP2 LNG project in Louisiana. According...

Singapore LNG bunkering volumes hit new record

Singapore’s liquefied natural gas (LNG) bunkering sales reached a new record in May, according to Singapore’s Maritime and Port...

More News Like This

Houston says Tellurian in talks with multiple LNG buyers

US LNG firm Tellurian, the developer of the Driftwood LNG export plant in Louisiana, is in negotiations with multiple...

Aethon to buy Tellurian’s upstream assets for $260 million

Dallas-based private investment firm Aethon Energy Management has agreed to buy Tellurian’s integrated upstream assets for $260 million. The...

Tellurian updates on Driftwood LNG construction work

US LNG terminal developer Tellurian released the latest construction update for the first phase of its Driftwood LNG terminal...

Tellurian’s net loss widens in Q1, Driftwood LNG talks continue

US LNG firm Tellurian reported a widening first-quarter loss on Thursday, as it continues to work to secure financing...