Top Owners Sourcebook: Lake Charles LNG
Tellurian Inc. plans to begin construction in 2020 on the $30-billion Driftwood LNG export facility, following the announcement of its final investment decision later this year. Completion is expected in 2023. Driftwood will be located on the west bank of the Calcasieu River, south of Lake Charles, La. Bechtel is leading engineering and construction with a $15.2-billion contract to build Driftwood’s liquefaction facility. Project stakeholders include Bechtel, General Electric Co., Petronet LNG Ltd., Total SA and Vitol. The project includes natural-gas production, gathering, processing, and transportation facilities, along with a 27.6-MTPA liquefaction export facility. Tellurian received FERC authorization in April for Driftwood LNG and the associated 96-mile Driftwood Pipeline that connects to the facility. Prefiling has also started on the Permian Global Access Pipeline, according to Tellurian. This 625-mile-long, 42-in.-dia interstate natural gas pipeline is part of Tellurian’s proposed Pipeline Network, which represents a $7-billion investment. The network will consist of three pipelines carrying LNG across Louisiana. In July, Tellurian finalized a $500-million equity investment and LNG purchase agreement with Total. Another agreement followed in September with an MOU between Tellurian and Petronet for up to 5 million tonnes per annum of LNG through an unspecified equity investment in Driftwood.
- Top Owners Sourcebook: Owners Begin to Take action
- ENR 2019 Top Owners PDF (subscription required)