Published by Todd Bush on March 29, 2022
HOUSTON--(BUSINESS WIRE)--Tellurian Inc. (Tellurian) (NYSE American: TELL) announced today that it has issued a limited notice to proceed to Bechtel Energy Inc. (Bechtel) under its executed Engineering, Procurement and Construction (EPC) contract to begin construction of phase one of the Driftwood LNG terminal, a liquefied natural gas (LNG) export facility near Lake Charles, Louisiana.
Tellurian's Driftwood LNG
>> In Other News: SWM and Neenah to Combine in All-Stock Transaction to Create a ~$3 Billion Global Leader in Specialty Materials
President and CEO Octávio Simões said, "Energy security is a leading concern in many countries today and the United States must do our part to supply LNG to the global market as quickly as possible. Beginning construction now allows Tellurian to deliver upon our robust schedule for first LNG in 2026 while we complete the project financing. We are well advanced in Driftwood LNG's detailed engineering and major equipment orders, and we have completed all the owners' projects required for us to turn the site over to Bechtel."
Craig Albert, Chief Operating Officer of Bechtel, said, "We are very proud and honored to continue our long partnership with Tellurian on the Driftwood LNG project. It is as apparent as ever that the world needs this reliable source of energy from the USA. And we are excited to now shift our focus to the field to begin construction."
"We are pleased to continue our longstanding partnership with Tellurian as we deliver cleaner and more affordable energy for communities around the world. We are honored to help bring their vision to a reality by commencing the major field work on a project of this magnitude," added Paul Marsden, President of Bechtel Energy.
Bechtel's first activities include demolition, civil site preparation and construction of critical foundations, and Baker Hughes will progress manufacturing two of the natural gas turbines required for phase one of the project.
Driftwood LNG is an approximately 27.6 mtpa liquefaction export facility. Phase one will include two LNG plants with an export capacity of up to 11 million tonnes per annum (mtpa). Driftwood has received all the major permits required for construction and operation, has progressed detailed engineering to approximately 30% complete, and has finalized the purchase and lease of approximately 1,200 acres of real estate ensuring an ideal construction site with ample laydown and deepwater access for shipping.
Tellurian intends to create value for shareholders by building a low-cost, global natural gas business, profitably delivering natural gas to customers worldwide. Tellurian is developing a portfolio of natural gas production, LNG marketing and trading, and infrastructure that includes an ~ 27.6 mtpa LNG export facility and an associated pipeline. Tellurian is based in Houston, Texas, and its common stock is listed on the NYSE American under the symbol 'TELL'.
For more information, please visit www.tellurianinc.com. Follow us on Twitter at twitter.com/TellurianLNG
Bechtel is a trusted engineering, construction and project management partner to industry and government. Differentiated by the quality of our people and our relentless drive to deliver the most successful outcomes, we align our capabilities to our customers' objectives to create a lasting positive impact. Since 1898, we have helped customers complete more than 25,000 projects in 160 countries on all seven continents that have created jobs, grown economies, improved the resiliency of the world's infrastructure, increased access to energy, resources, and vital services, and made the world a safer, cleaner place.
Bechtel serves the Energy; Infrastructure; Nuclear, Security & Environmental; and Mining & Metals markets. Our services span from initial planning and investment, through start-up and operations. www.bechtel.com
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 💰 The $27/ton Question: What Makes a Carbon Removal Credit Worth 3x More? 🛢️ EPA Issues Three Class VI Permits to ExxonMobil in Jefferson County, Texas 🌍 UN Endorses First Articl...
Inside This Issue 🪣 Shovels Hit the Ground on California’s First Carbon Storage Hub 🤝 CHARBONE Announces a Strategic Alliance with a Leading U.S. Industrial Gas Producer 📜 Gold Standard Approves M...
Inside This Issue 🧠 From Mars to AI: Fuel Cells Power $28B Boom 🏆 Svante Technologies Wins Global Award for Breakthrough Carbon Capture Innovation 🚧 California Resources Corporation Breaks Ground ...
The United Nations has taken a major step in global carbon markets. A UN panel has approved the first methodology under Article 6.4 of the Paris Agreement. This marks the start of a new era in inte...
EPA Issues Three Class VI Permits to ExxonMobil in Jefferson County, Texas
DALLAS, TEXAS (October 21, 2025) – The U.S. Environmental Protection Agency (EPA) issued three final Underground Injection Control (UIC) Class VI permits to ExxonMobil for a project in Jefferson Co...
NewHydrogen To Release A Special Report On October 27, 2025
The Company will reveal a massive source of heat for its novel ThermoLoop™ heat-based water-splitting system SANTA CLARITA, Calif., Oct. 22, 2025 (GLOBE NEWSWIRE) -- NewHydrogen, Inc. (OTCQB: NEWH...
Microsoft Signs New Deal To Capture Carbon In Rocks And Soil
UNDO, an enhanced rock weathering (ERW)-focused carbon removal project developer, announced that it has signed a new agreement with Microsoft to permanently remove 28,900 tonnes of CO2 from the atm...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.