Tellurian Withdraws Application for Permian Global Access Pipeline

摘要

Liquefied natural gas (LNG) developer Tellurian told federal energy regulators it wants to withdraw its application to build the Permian Global Access natural gas pipeline in Texas and Louisiana.The filing with the U.S. Federal Energy Regulatory Commission (FERC) came a day after Tellurian said its President and Chief Executive Meg Gentle will leave the company.The 625-mile (1,005-km) Permian pipeline was designed to transport up to 2.3 Bcf/d (65 MMcm/d) of gas from the Permian Shale in West Texas and eastern New Mexico to southwest Louisiana near where Tellurian wants to build the Driftwood LNG export plant.In what has been a tough year for the LNG industry after coronavirus demand destruction caused global energy prices to collapse, Tellurian said in the filing that "current market conditions do not support the economic thresholds to pursue the [Permian pipe] further at this time."