Driftwood LNG will be located south of Lake Charles, Louisiana
Tellurian inches towards FID
The Gulf Coast LNG company is confident about global gas demand but first needs to source its Haynesville feedstock
The next six months will be crucial to the expansion of the Haynesville play and the global role of US gas. Budding LNG exporter Tellurian expects to make FID on its landmark 11mn t/yr Driftwood project, in southwestern Louisiana, in the first quarter of 2022. Offtake has been agreed, but the firm still needs to source the vital gas feedstock and finance the project before it can set the wheels in motion. Tellurian is in talks with several banks for funding and is bullish about the project’s long-term prospects. The trio of Shell, Dutch trader Vitol and Swiss-based Gunvor have each agreed to take 3mn t/yr from Driftwood. And the US exporter is guiding $5bn in annual free cash flow at current
Also in this section
1 April 2025
There is method to the US president’s apparent madness, and those seeking to understand need look no further than their local bookshop
1 April 2025
Strong economic growth targets are encouraging for the country’s energy demand growth, even if meeting those goals might be a tall order
28 March 2025
The Central Asian country is positioning itself as a low-carbon leader, but antiquated infrastructure and a dependence on Russia are holding it back
28 March 2025
MCEDD 2025 took place in Madrid this week with record attendance and a wide-ranging programme, reflecting the deepwater sector’s renewed momentum, strategic focus and accelerating technological innovation.
