Tellurian Chairman Charif Souki said the lawsuit “never distracted us from our focus on building Tellurian’s global natural gas business, beginning with Driftwood LNG.”
Driftwood LNG is a proposed liquefaction and export facility near Lake Charles, Louisiana. It will have a production capacity of approximately 27.6 million tpy of LNG. The proposed facility is situated on approximately 1000 acres of land, with deepwater access, and ample pipeline infrastructure.
According to the statement, the project is backed by a lump sum turnkey engineering and procurement contract with Bechtel that guarantees cost, performance and schedule. Bechtel has reportedly progressed the engineering to over 28% complete, all construction permits have been secured, and the project is shovel ready. Work is expected to commence this year, with first liquefaction in 2023.
Commercially, Tellurian has contracted with Total as an equity partner, and, late last year, signed a memorandum of understanding with Petronet in the presence of India’s Prime Minister Modi and with the support of both US and Indian governments.
Souki added: “I look forward to my next trip to India and anticipate finalising our agreements by the end of March.”
Read the article online at: https://www.lngindustry.com/liquefaction/31012020/cheniere-dismisses-all-claims-against-tellurian/