Tellurian Inc. announced today that their project Driftwood LNG has received authorization from the United States Department of Energy to export LNG to free trade agreement (FTA) nations.
Tellurian has also applied to export LNG to non-FTA nations and expects to file their U.S. Federal Energy Regulatory Commission application later this quarter.
Driftwood LNG is a proposed 26 million tonnes per annum LNG export facility near Lake Charles, Louisiana. Tellurian expects to begin construction of Driftwood LNG in 2018 and deliver first LNG in 2022, with full operations in 2025.
Tellurian Investments Inc. was founded as a private company on February 23, 2016, by Charif Souki and Martin Houston. On February 10, 2017, it merged with a wholly owned subsidiary of Magellan Petroleum Corporation. Upon close of the merger, Magellan Petroleum Corporation changed its name to Tellurian Inc.