Bechtel will begin full construction in April on the estimated $25-billion Driftwood liquefied natural gas complex in Louisiana under a $15.5-billion fixed-price contract, a spokeswoman for energy firm Tellurian Inc. said.
Charif Souki, the developer’s executive chairman, said in a podcast earlier this month that work will start without an official final investment decision while the firm completes finance negotiations. “We have access to enough capital to complete the first year of construction,” he said in a Feb. 4 announcement.