Why Tellurian Blasted 25% Higher on Friday

Why Tellurian Blasted 25% Higher on Friday

Liquefied natural gas (LNG) specialist Tellurian (NASDAQ: TELL) rose sharply to close more than 25% higher on Friday. A pronouncement from one of the top figures at the company provided a surge of hope for investors. Charif Souki, Tellurian's co-founder and executive chairman, said the company is aiming to begin construction on Driftwood LNG this summer, saying that it's "probably the project that is the closest to starting construction."