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
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