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Tellurian makes finance hire for Driftwood LNG

Small scale liquefaction player taps SG Americas to develop financial strategy and planning for project

Small scale liquefaction player Tellurian has hired a Societe Generale subsidiary as financial advisor for the Driftwood export facility in Louisiana.

SG Americas, the US broker-dealer subsidiary of Societe Generale, will provide general financial strategy and planning for the development and financing of the 26 million tonnes per annum liquefied natural gas project on the US Gulf Coast.

"The advisory team at SG is a leader in LNG financing," Tellurian chief executive Meg Gentle said in a release.

"With their expertise at hand, we will move forward with the financial structuring of Driftwood LNG."

Tellurian, which was founded by former Cheniere chief executive Charif Souki and ex-BG Group chief operating officer Martin Houston last year, aims to start construction of the onshore facility in 2018 and launch LNG production in 2022.