Tellurian's $15B terminal scores key permitting milestone
https://www.chron.com/business/energy/article/Tellurian-s-15B-terminal-scores-key-permitting-13545335.phpAs the race to build liquefied natural gas terminals continues the Gulf Coast, Houston-based Tellurian Inc. reached a key milestone Friday as a federal agency released a 523-page study of the proposed $15 billion terminal in Lake Charles, Louisiana.
The study, called final environmental impact statement, is not a permit itself but it is an important milestone in the permitting process for any new terminal because federal agencies use the findings to decide whether to give proponents the green light to build the project. Tellurian will still need a final order from the Federal Energy Regulatory Commission before it can build the terminal.
The study, called final environmental impact statement, is not a permit itself but it is an important milestone in the permitting process for any new terminal because federal agencies use the findings to decide whether to give proponents the green light to build the project. Tellurian will still need a final order from the Federal Energy Regulatory Commission before it can build the terminal.
"We look forward to receiving the agency's order granting authorization to site, construct and operate our Driftwood project," President and CEO Meg Gentle said in a prepared statement. "Tellurian will then stand ready to make a final investment decision and begin construction in the first half of 2019, with the first LNG expected in 2023."
Tellurian's proposed project, called Driftwood LNG, would process 27.6 million metric tons of liquefied natural gas annually – enough to fill up an LNG tanker every day.
The scale of Tellurian's Driftwood terminal is massive: It's bigger than the entire capacity of U.S. LNG exports, which is just over 20 million metric tons now, according to an analyst at S&P Global Platts....