US LNG firm Tellurian said it has named energy investment expert Claire Harvey as a new independent board member.
Harvey is the founder and president of ARM Resource Partners, a joint venture making energy investments, and serves as chairman of the board of Falcon Minerals, a public company which owns and manages mineral interests in the US, according to a statement by Tellurian.
She was previously founder and CEO of Gryphon Oil and Gas, and served in key roles at Pine Brook Partners and TPH Partners.
Tellurian’s co-founder and executive chairman, Charif Souki, said, “Claire has expertly led and executed both public and private financial transactions over the past 20 years and brings immense energy investment experience to Tellurian’s board.”
“We will rely on her experience to guide and support us as we finance Driftwood LNG and give Bechtel notice to proceed with construction in the first quarter of 2022,” Souki said.
Tellurian is developing the 27.6 mtpa Driftwood LNG export project in Louisiana, but it is also working on upstream assets. It recently brought online two new natural gas wells.
The Houston-based firm has this year signed three 10-year LNG supply deals for the Driftwood project for a total of 9 mtpa. These include contracts with Gunvor, Vitol as well as Shell.
Tellurian previously said it has sold all the necessary offtake for the first phase of the Driftwood LNG plant which would include two units with a capacity of about 11 mtpa. Total development costs for this phase would reach about $11.9 billion.
