Tellurian Inc. said on Jan. 30 Cheniere Energy Inc. has dismissed all claims against its Chairman Charif Souki and Vice Chairman Martin Houston.
Cheniere Energy, the largest U.S. LNG exporter, had sued its former chairman and chief executive, Souki, in February 2019, alleging he conspired to help finance a joint venture that led to the formation of rival Tellurian.
“Although this frivolous lawsuit was clearly an attempt to disrupt the hard work and success we are having at Tellurian, it never distracted us from our focus on building Tellurian’s global natural gas business, beginning with Driftwood LNG,” Tellurian Chairman Charif Souki said.
Tellurian is developing an LNG export plant in Louisiana called Driftwood, which is one of about a dozen of LNG export projects under development in North America.
The project is backed by a lump sum turnkey engineering and procurement contract with Bechtel that guarantees cost, performance and schedule. Bechtel has progressed the engineering to over 28% complete, all construction permits have been secured, and the project is shovel ready. Work is expected to begin this year, with first liquefaction in 2023.
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