By LNG World News Image courtesy of TellurianTellurian, the company developing the 26-mtpa Driftwood LNG export facility, and an associated pipeline canceled its plans to sell company shares.
The cancellation comes only a day after the company revealed its plans to sell 10 million company shares.
“Due to the current market environment and in the interest of achieving the best value for our stockholders, we have decided to withdraw our recently announced public offering of common stock,” Meg Gentle, CEO of Tellurian said.
Tellurian was formed through a merger between Magellan Petroleum, an independent oil and gas exploration and production company and Tellurian Investments formed in February
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