Williams took a hard look at acquiring Tellurian but decided against it

CERAWeek in Houston



A report by Reuters indicated Tulsa’s Williams Companies gave serious thought to acquiring struggling LNG developer Tellurian but came to the conclusion, it was too risky.

It’s what Williams Executive Vice President of Strategy Chad Zamarin admitted in a sit-down interview this week at the CERAweek S&P Global energy conference in Houston.

He explained Williams took a look at opportunities to invest in more LNG projects but what Tellurian’s proposed Driftwood LNG gas export terminal offered wasn’t strong enough in terms of commercial strength.

“There is the advantage of it being permitted, it does have a speed to market that is interesting to us, but it does not have the commercial contracts on the demand side,” he told Reuters.

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