After several fits and starts that threatened to derail the proposed Driftwood LNG export terminal, Houston-based Tellurian has announced the project is back on track with a new schedule. Reese Energy Consulting today is following the latest news from Tellurian, which looks to begin construction this summer on the $16.8 billion Driftwood LNG plant located along the Calcasieu River, south of Lake Charles, La. The company is still awaiting an investment decision from India’s Petronet—the project’s largest at $2.5 billion for 5 million TPA. A quick rebound of U.S. LNG exports post-COVID no doubt has lit a fire in the belly of LNG producers with similar proposed projects on the table. However, Tellurian believes Driftwood is the closest contender to cue the hammers and saws. Phase 1 is slated to go online by 2025 to produce an initial 16.5 million TPA of LNG with additional expansions planned for a final total of five trains and 27.6 million TPA of capacity. Driftwood LNG will process as much as 4 BCFD of feed gas delivered by as many as 14 interstate pipelines.
Tellurian was founded in 2016 by two industry icons, Charif Souki and Martin Houston. Charif set in motion the first liquefied natural gas (LNG) exports from the United States Lower 48 and founded Cheniere Energy. Martin originated the concept of LNG destination flexibility, ensuring that LNG became a commodity.