May 1 (Reuters) - U.S. liquefied natural gas (LNG)

developer Tellurian Inc. ( TELL ) has sent home more than a

dozen workers from its upstream gas production business,

according to three people familiar with the matter.

The Houston-based company has been holding talks with

potential buyers to sell its Haynesville shale gas business to

raise capital for its proposed Driftwood LNG export plant. A

deadline for submitting bids for the property is today, one of

the people said.

Analysts have said the gas production business could be

worth $365 million. However, U.S. natural gas prices have fallen

significantly from 2022 levels and traded on Wednesday at about

$1.94 per million British thermal units (mmBtu) down from an

average of $6.50 per mmBtu for 2022.

(Reporting by Curtis Williams in Houston and Tanay Dhumal in

Bengaluru)