Tellurian updates on Driftwood LNG construction work

US LNG terminal developer Tellurian released the latest construction update for the first phase of 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 April 2024 construction report filed with the US FERC, the Driftwood project has continued construction activities including site preparation, excavation and backfill, storm water management, and pile driving activities.

Driftwood LNG also continued activities for water wells as a non-jurisdictional activity under
the early works program.

During April, the project continued maintenance of site roads and drainage efforts.

The project completed concrete pile installation in tank 1 and it completed remaining LNG sump
excavation and piling in 107R1 pipe rack area.

The project also started remaining piling in 101B1/D1 cold box areas.

In May, the project aims to complete piling in 101B1/D1 cold box areas and start piling in LNG sump area.

Talks continue

Tellurian recently reported a net loss of about $44 million for the quarter ended March 31, 2024, compared to a net loss of $27.5 million for the same period of 2023.

Executive chairman Martin Houston said the company is “laser-focused” on bringing Driftwood to final investment decision.

Driftwood LNG received an extension through 2029 to both the order authorizing construction from the US Federal Energy Regulatory Commission and its Section 404 permit from the US Army Corps of Engineers.

“In addition, we have better aligned our commercial offerings to meet the needs of potential customers, and we are highly encouraged by our ongoing commercial discussions,” Houston said.

Tellurian invested more than $1 billion in Driftwood LNG

Tellurian claims it has invested more than $1 billion in the project up to date.

The full project would include five plants with a total capacity of about 27.6 mtpa.

In March, Tellurian confirmed that it is exploring a potential sale of the company.

Tellurian also said in its March presentation it expects to take a final investment decision in 2024 to build the first two plants at its Driftwood LNG export plant.

The company said it expects to issue a full notice to proceed to compatriot engineering and construction giant Bechtel to begin construction for for the first phase of the plant in the second half of this year.

Most Popular

ExxonMobil CEO expects Golden Pass LNG launch by end of this year

ExxonMobil CEO Darren Woods expects the QatarEnergy-led Golden Pass LNG export project in Texas to produce first LNG volumes by the end of this year. Separately, Golden Pass LNG is also seeking approval from the US FERC to increase peak workforce up to 10,300.

Apollo to buy HitecVision’s Hav Energy

US asset manager Apollo has agreed to acquire HitecVision's Hav Energy, which co-owns a portfolio of 10 newbuild LNG carriers.

Energy Transfer seals Lake Charles LNG supply deals

Texas-based Energy Transfer has signed new supply deals for its planned Lake Charles LNG export facility in Louisiana as it works to take a final investment decision by the end of this year, according to its management.

More News Like This

Wood bags Louisana LNG pipeline gig from Woodside

UK-based consulting and engineering firm Wood has secured a contract from Australian LNG player Woodside for the latter's Line 200 pipeline project, which will deliver natural gas to the recently approved Louisiana LNG project.

BP to supply feed gas to Woodside’s Louisiana LNG

UK-based energy giant BP has agreed to supply feed gas to Woodside's three-train, 16.5 mtpa Louisiana LNG export project.

Woodside takes FID on $17.5 billion Louisiana LNG project

Australian LNG player Woodside has made a final investment decision to develop the three-train, 16.5 mtpa Louisiana LNG project. The total capital expenditure for the LNG project, pipeline, and management reserve is $17.5 billion.

Woodside assessing tariff impact on Louisiana LNG

Australian LNG player Woodside is assessing the impact of recent US tariffs and other trade measures on its Louisiana LNG project, according to Woodside CEO Meg O’Neill.