The engineering, procurement and construction (EPC) leader secured four lump-sum turnkey agreements with Driftwood LNG. Tellurian (TELL +2.6%) co-founder and Executive Chairman Charif Souki says the company is targeting this summer to begin construction of its $16.8B Driftwood LNG … Driftwood LNG, a 27.6 million tonnes of LNG per year facility that will cost on the order of $16.8 billion to build, has not made an official final investment decision (FID) to proceed with building the FERC-approved project. U.S. LNG developer Tellurian expects the company will begin construction this summer on its $16.8 billion Driftwood LNG export plant south of Lake Charles, reports Reuters.In recent weeks, prices for the fuel have soared due to cold weather in Asia and bottlenecked shipments at the Panama Canal. Tellurian Hopes to Start Driftwood LNG Construction as Demand Picks Up. Tellurian’s Driftwood LNG project in Louisiana is expected to start in the summer of 2020. Tellurian co-founder and executive chairman Charif Souki said: “I hope that we will be in construction this summer. 1/15/2021. The complete Driftwood project is still expected to have a full capacity for 27.6 MMtpy upon completion. Tellurian executive chairman Charif Souki recently spoke on the progress around the company’s Driftwood LNG export project in Louisiana. Speaking to Reuters, the co-founder of US LNG developer Tellurian Charif Souki said that the company aims to begin construction of its LNG project in Louisiana this summer. The liquefied natural gas (LNG… Driftwood LNG construction to start this summer. Posted On: 17-01-2021. The Tellurian Driftwood LNG project, for instance, has a total approximate value of more than $27 billion. Tellurian expects to commence construction of its $16.8bn Driftwood LNG export project in Louisiana this summer (June to August) as demand for fuel increases across the world. Tellurian has delayed its target to begin construction of its proposed Driftwood LNG export terminal in Louisiana until next year, the company’s CEO said June 16. Natural gas company Tellurian has pushed the start of construction on its $27 billion Driftwood LNG project near Lake Charles, Louisiana, to next year and is … If construction does begin in the summer of 2021, then Phase one of Driftwood would be anticipated to begin in 2025 with up to 16.5 MMtpy of LNG. Houston — Tellurian has delayed its target to begin construction of its proposed Driftwood LNG export terminal in Louisiana until next year, the company's CEO said June 16. Tellurian (NASDAQ:TELL) will delay its target date to begin construction of its proposed Driftwood liquefied natural gas export terminal in Louisiana until H1 2021, CEO Meg Gentle told J.P.
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