US LNG terminal developer Tellurian released the latest construction update for its Driftwood LNG terminal in Louisiana, while it still works on securing financing for the project worth about $14.5 billion.
Tellurian issued a limited notice to proceed to compatriot engineering and construction giant Bechtel in March 2022.
Under the first phase, Tellurian aims to build two LNG plants near Lake Charles with an export capacity of up to 11 mtpa.
The firm said in an update in August 2023 that Bechtel had completed piling work for the first plant and also concrete pouring for all plant one compressor foundations.
According to the December 2023 construction report filed with the US FERC, the Driftwood project has continued construction activities including site preparation, excavation and backfill, offloading of concrete pile shipments, and pile driving activities.
The project continued maintenance of site roads and drainage effort, continued concrete pile installation in tank 1, completed concrete pile installation in tank 2, completed concrete pile shipment for LNTP scope, and completed MOF preservation activities.
In January, the project will continue maintenance of site roads and drainage efforts, and will continue concrete pile installation in tank 1.
Tellurian recently appointed a financial adviser to assist with shaping commercial structures as well as balance sheet management.
Tellurian’s co-founder Martin Houston and new chairman of the board revealed this in a letter sent to shareholders on December 28.
In December, the company appointed Houston as the chairman replacing Charif Souki, who has left the Driftwood LNG terminal developer.
