Two wholly owned subsidiaries of Tellurian Inc. (NASD: TELL) have filed paperwork to build a $13 billion to $16 billion LNG export facility on the Louisiana Gulf Coast near Lake Charles.
Tellurian said on April 3 that its units, Driftwood LNG LLC and Driftwood Pipeline LLC, had applied with the Federal Energy Regulatory Commission (FERC) to construct and operate a plant with capacity of about 26 MTPA as well as a 96-mile pipeline connecting the facility to interstate pipelines. The company expects construction to begin in 2018, with first LNG produced in 2022.
“Throughout the pre-filing phase, the representatives at FERC, the Department of Energy and the U.S. Coast Guard have been well-organized, thorough, and proficient in ensuring that Driftwood LNG is designed and permitted with a priority on safety, reliability, and efficiency,” said Tellurian President and CEO Meg Gentle in a statement. “We look forward to continuing to work with FERC and other agencies on a timely approval process and beginning construction in 2018.”
Driftwood LNG project will employ about 6,400 workers during the construction phase and require almost 400 permanent positions when fully operational in 2025. A final investment decision to begin construction following regulatory approval is expected in mid-2018.
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