Tellurian Inc. (ticker: TELL) 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 submitted an application to export LNG to non-FTA nations and expects to file their Federal Energy Regulatory Commission (FERC) application later this quarter.
Driftwood LNG is a proposed 26 million tonnes per annum 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.
