FERC Authorises Driftwood LNG

U.S. Federal Energy Regulatory Commission (FERC) has granted the authorisation for the construction and operation of Tellurian's Driftwood LNG export facility in Louisiana, U.S.

Driftwood LNG is a proposed 27.6 million tonnes per annum (mtpa) liquefaction export facility near Lake Charles, Louisiana, and the associated Driftwood pipeline, a 96-mile proposed pipeline connecting to the facility.

President and CEO Meg Gentle said, “Tellurian thanks FERC and other state and federal agencies for their diligence and for working alongside our team over the past three years to ensure that we bring the Driftwood project to the market safely and efficiently.”

Tellurian will begin make its final investment decision and begin construction in 2019, with operations projected to begin in 2023.

Tellurian was founded by Charif Souki and Martin Houston and is led by President and CEO Meg Gentle. Tellurian intends to create value for shareholders by building a low-cost, global natural gas business, profitably delivering natural gas to customers worldwide.