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Driftwood LNG Export Project in Louisiana to Start Construction This Year

6/7/2021

According to recent comments from Tellurian Executive Chairman Charif Souki, the Driftwood LNG export terminal under development in Louisiana is now expected to begin construction this summer.

In a podcast from Tellurian in early June, Mr. Souki stated he was “highly confident” that construction would begin this summer, potentially in August. This announcement would likely keep the $16.8 billion project on pace for a startup in the 2026-2027 timeframe with an eventual export capacity of 27.6 MMtpy.

This anticipated start of construction follows Tellurian’s announcement in early June of a finalization of a 3 MMtpy FOB sales and purchase agreement with Vitol for a 10 year period at the Driftwood LNG site, pushing the project forward.