Related Articles
Driftwood LNG will be located south of Lake Charles, Louisiana
Forward article link
Share PDF with colleagues

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 curren



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Corallian seeks bidders
21 October 2021
The pre-production North Sea independent has put itself up for sale
Uncertainty hangs over Permian permits
20 October 2021
Output may be climbing fast, but producers are still waiting for clarity from the government on the future of federal drilling
UAE tries to ride two horses
19 October 2021
Abu Dhabi’s plans to raise oil and gas production are advancing despite the federation’s carbon-cutting pledges
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video