(Bloomberg) -- Tellurian Inc.plans to boost natural gas reserves tenfold at a northern Louisiana deposit as it seeks partners to build a fuel supply chain from the wellhead to global buyers.
The developer of liquefied natural gas projects is targeting reserves of about 15 trillion cubic feet at the Haynesville shale block in Louisiana, Chief Executive Officer Meg Gentle said in an interview in Abu Dhabi on Friday. The Houston-based company has reached 10 percent of its reserve goal since buying access to the acreage in September to feed its own LNG facilities.
Seemingly unstoppable shale deposits are contributing to record oil and gas output in the U.S. That's pushing producers to find buyers abroad and turning decades of energy market dynamics on their head. At the same time, increasing global supply is helping cut LNG prices, spurring demand abroad for U.S. assets and giving Tellurian and other shale players a potential source of funding.Click HERE to read more ...