Tellurian’s Driftwood LNG granted FTA export permit

Tellurian's Driftwood LNG granted FTA export permit
Rendering of the Driftwood LNG project (Image courtesy of Tellurian)

Tellurian said its Driftwood LNG project received the permit from the United States Department of Energy to export liquefied natural gas to free trade agreement nations. 

The company has also applied for a non-FTA export permit and expects to file its application to the Federal Energy Regulatory Commission (FERC) application later this quarter.

Tellurian was formed in February 2016, by Charif Souki, former founder and CEO of LNG export player Cheniere Energy and Martin Houston, former COO of BG Group, now owned by Shell.

At the beginning of February, Tellurian Investments merged with Magellan Petroleum, an independent oil and gas exploration and production company, under a name Tellurian.

The company proposed to build a 26 million tons per year LNG export facility near Lake Charles, Louisiana in the US Gulf Coast.

Tellurian expects to begin construction of Driftwood LNG in 2018 and deliver first LNG in 2022, with full operations in 2025.

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