Tellurian secures extension to complete Driftwood LNG Terminal

As well as the 27 million tpy LNG terminal, the regulator also authorised Driftwood Pipeline to build a new 48 in. interstate natural gas pipeline system in Evangeline, Acadia, Jefferson Davis, and Calcasieu Parishes.

Authorisation was on the basis that the Driftwood terminal and pipeline should be fully completed and made available for service within seven years.

However, Driftwood told the FERC in a filling dated 4 October that it would need an additional 36 months to complete construction of the LNG terminal and the pipeline and place the entire project in service. The FERC granted the extension, giving both Driftwood LNG and the pipeline until 18 April 2029.

"Because we find that Driftwood has demonstrated good cause for delay and progress in developing the projects, we will grant the requested three-year extension of time to complete construction of the Driftwood LNG terminal and Driftwood Pipeline project," the FERC commented.

Under the first phase, Tellurian aimed to build two LNG plants near Lake Charles with an export capacity of up to 11 million tpy. However, the company has continued to work on securing financing for the project.

Tellurian expected the first phase to cost about US$14.5 billion (€13.4 billion) with about of US$6 billion equity investment.

Read the article online at: https://www.tanksterminals.com/terminals/19022024/tellurian-secures-extension-to-complete-driftwood-lng-terminal/