Tellurian says Driftwood LNG on track for 2027 launch

<p>U.S. energy company Tellurian Inc said on Thursday it remains on target to produce the first LNG at its 11mil mt/year Driftwood LNG export plant in Louisiana in 2027.</p> <p>&quot;We are having a number of discussions with counterparties for both equity partnership and LNG offtake for the Driftwood project and investment in the Driftwood Line 200/300 pipeline,&quot; Tellurian CEO Octavio Simoes said in an earnings release.</p> <p>He also said the company has &quot;invested over one billion dollars to develop and advance construction of the fully permitted Driftwood project and remain on target to produce first LNG in 2027.&quot;</p> <p>The plant has been under early stages of construction since March 2022 when Tellurian gave engineering firm Bechtel a limited notice to proceed with construction.</p> <p>Tellurian, however, is still looking for customers to buy LNG from the plant and has not yet made a final investment decision (FID) to start major construction on the roughly $14.5 billion first phase of the project.</p> <p>In early October, Tellurian&#39;s Driftwood LNG asked the U.S. Federal Energy Regulatory Commission (FERC) for an extra 36 months beyond the originally authorized in-service date to complete construction of the LNG plant and an associated natural gas pipeline.</p> <p>In April 2019, FERC approved the construction of the 27.5-MTPA Driftwood and gave Tellurian seven years, or until 2026, to complete the project. The extra 36 months would give Tellurian until 2029 to finish the project.</p> <p>[email protected]&nbsp;</p>