Tellurian Inc. (ticker: TELL) received its draft environmental impact statement (EIS) from the United States Federal Energy Regulatory Commission for the Driftwood LNG terminal facility and the associated Driftwood pipeline.

The draft EIS has been prepared in compliance with the requirements of the National Environmental Policy Act, the Council on Environmental Quality regulations for implementing NEPA, and FERC regulations.

The draft EIS is the culmination of an extensive evaluation process, including months of assessment and feedback from federal and state agencies and the public with respect to the Driftwood Project, the company said in a statement.

“We appreciate the hard work the FERC, U.S. Coast Guard, PHMSA and supporting agencies have put forth to ensure the Driftwood Project can produce LNG safely and efficiently beginning in 2023.

“Publication of the draft EIS is a significant milestone in the regulatory process for the project and was completed ahead of the FERC’s recently updated schedule. We continue to work in partnership with all the regulatory agencies to complete the final environmental impact statement (FEIS) by January 2019 and begin construction of the Driftwood Project thereafter, with approximately $30 billion of infrastructure investment and nearly 50,000 direct and indirect jobs in at least 18 States,” Tellurian President and CEO Meg Gentle said in a press release.

 

Gentle said the project is targeting production of LNG beginning in 2023.


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