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Tellurian, Bechtel sign $15.2B deals for Driftwood LNG export project

Published 11/13/2017, 09:35 AM
© Reuters.  Tellurian, Bechtel sign $15.2B deals for Driftwood LNG export project
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  • Tellurian (TELL) and engineering giant Bechtel sign $15.2B in deals for the engineering, procurement and construction of the proposed Driftwood LNG project near Lake Charles, La.
  • The project includes 20 liquefaction units, each expected to produce as much as 1.38M metric tons/year of liquefied natural gas, three 235K cm storage tanks and three marine loading berths.
  • "The agreements with Bechtel guarantee performance and secure the EPC cost of Driftwood LNG at $550/tonne, one of the lowest-cost liquefaction construction projects worldwide," says TELL President and CEO Meg Gentle.
  • Now read: Resolute Energy Sells Aneth Field For 0 Million To 5 Million


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