Tellurian secures investment from Bechtel

An affiliate of Bechtel Oil, Gas and Chemicals has made a $50m investment in US-based natural gas company Tellurian.

Bechtel provides engineering, procurement and construction (EPC) services for liquid natural gas (LNG) facilities and has delivered 41 LNG trains on 16 projects in ten countries.

Bechtel Group chairman and CEO Brendan Bechtel said: “Tellurian management and Bechtel have worked together for many years and we look forward to continuing our success as equity partners.”

Tellurian president and CEO Meg Gentle said: “Bechtel and Tellurian management have constructed 55 million tonnes per annum (mtpa) of liquefaction capacity together on various projects and have formed a respected and productive relationship.

“We are fortunate to have such strong strategic partners including Bechtel, GE and Total and look forward to breaking ground at Driftwood LNG in 2019.”

In November last year, Tellurian awarded $15.2bn contracts to Bechtel for EPC services for Driftwood liquefied natural gas (LNG) facility near Lake Charles, Louisiana, US. The project is a proposed 27.6mtpa LNG export facility.