Tellurian updates on Driftwood LNG work

US LNG firm Tellurian and compatriot engineering and construction giant Bechtel are moving forward with the initial construction work at the Driftwood LNG terminal in Louisiana.

Tellurian issued a limited notice to proceed to Bechtel in March last year.

Under the first phase, Tellurian aims to build two LNG plants near Lake Charles with an export capacity of up to 11 mtpa and expects the costs to reach up to $13.6 billion.

Last week, the firm released a drone footage (below) showing the activities at the Driftwood LNG site in April.

Construction activities include site preparation, offloading of concrete pile shipments, mobilization of construction equipment and tools, concrete foundations, and pile driving activities.

Tellurian previously said that up to 250 workers are currently working at the site and the firm has spent about $1 billion on the project up to date.

The firm is still targeting first LNG cargo by the end of 2026.


While the initial site work continues at the Driftwood LNG site, Tellurian is working on securing financing for the project.

The US FERC also recently granted authorization for Driftwood Pipeline’s Line 200 and Line 300, an approximate $1.4 billion natural gas transmission project proposed to be located in Beauregard and Calcasieu Parishes, Louisiana.

Tellurian recently signed a land sale and leaseback deal for the Driftwood land worth $1 billion with a New York-based institutional investor.

In addition, Tellurian said in April it will ask its shareholders at its annual meeting to approve doubling the number of its common shares, as it continues to work on financing the first phase of its Driftwood LNG export plant.

The company plans to hold the meeting in Houston on June 7.

- Advertisements -

Most Popular

Golar buys vessel for third FLNG project

Golar LNG has exercised its option to acquire the 148,000-cbm Moss-type carrier, Fuji LNG, which it aims to convert...

LNG carrier Golar Gandria sold for demolition

Floating LNG player Golar LNG has sold its 1977-built LNG carrier, Golar Gandria, for demolition, according to brokers. The 125,000-cbm...

Delta plans to start building Bac Lieu LNG-to-power project in 2024

Delta Offshore Energy (DOE) plans to start building its Bac Lieu LNG-to-power project in 2024 following the recent approval...

More News Like This

Tellurian hires CFO as it works to secure Driftwood LNG financing

US LNG firm Tellurian said it had appointed investment banker Simon Oxley as its new chief financial officer to...

Tellurian expects first phase of Driftwood LNG to cost $14.5 billion

US LNG firm Tellurian is now expecting the development costs for the first phase of its Driftwood LNG export...

NextDecade gets OK from US FERC for Rio Grande LNG

The US Federal Energy Regulatory Commission (FERC) has reaffirmed its approval for NextDecade's proposed Rio Grande LNG export terminal...

Tellurian plans to double number of shares as it works on Driftwood LNG financing

US LNG firm Tellurian said it will ask its shareholders at its annual meeting to approve doubling the number...