From Marketwired
Tellurian Inc. (ticker: TELL) announced today that the Federal Energy Regulatory Commission (FERC) has issued the notice of schedule for environmental review of Driftwood LNG, a proposed 27.6 million tonnes per annum (mtpa) liquefied natural gas (LNG) export facility, and Driftwood Pipeline, a proposed 96-mile, 4 billion cubic feet a day (Bcf/d) pipeline.
According to the notice, FERC will issue its final Environmental Impact Statement (EIS) on October 12, 2018, and has established a 90-day Federal Authorization Decision Deadline on January 10, 2019. Assuming a favorable decision, Tellurian expects that this schedule will allow it to begin construction of Driftwood LNG in early 2019, pending a final investment decision by Tellurian.
| Estimated Driftwood Project timeline | |
| Catalyst | Estimated timeline |
| Driftwood commercial agreements | 1H 2018 |
| Draft Environmental Impact Statement | 1H 2018 |
| Final Environmental Impact Statement | 12 October 2018 |
| FERC order and Federal Authorization Deadline | 10 January 2019 |
| Driftwood final investment decision | 1H 2019 |
| Begin construction | 1H 2019 |
| Begin operations | 2023 |
