Earlier today Tellurian Inc. (ticker: TELL) and Bechtel Oil, Gas and Chemicals, Inc. announced in a press release that the two companies have entered into four fixed price, lump sum turnkey agreements for a price totaling $15.2 billion.
The cost will cover the engineering, construction and procurement for Driftwood LNG, a LNG export facility located near Lake Charles, Louisiana. With an EPC cost of the Driftwood LNG at $550 per tonne, the facility will be one of the lowest cost liquefaction construction projects worldwide.
Features of Driftwood LNG
- 20 liquefaction units with each unit expected to produce 1.38 million tonnes per annum (mtpa) of LNG.
- Liquefaction technology from Integrated Pre-cooled Single Mixed Refrigerant (IPSMR®) process
- 20 GE refrigeration compressors, each driven by GE aero derivative natural gas turbines
- Three 235,000 cubic meter, full containment LNG storage tanks
- Three marine loading berths
Driftwood LNG will be constructed in four separate stages
- Phase 1: Up to 11 mtpa of LNG from 8 units, storage tanks 1 & 2, loading berth 1 and related utilities
- Phase 2: Up to 5.5 mtpa of LNG from 4 units, loading berth 2 and related utilities
- Phase 3: Up to 5.5 mtpa of LNG from 4 units, storage tank 3, loading berth 3 and related utilities
- Phase 4: Up to 5.5 mtpa of LNG from 4 units and related utilities
Source: Tellurian Inc.
