Bechtel to deliver 27.6 MMtpy Driftwood LNG project for Tellurian
HOUSTON — Bechtel announced it has signed four lump-sum turnkey agreements with Driftwood LNG LLC, a Tellurian company, to deliver one of the world's lowest-cost liquefaction construction projects near Lake Charles, Louisiana.
Construction of the Driftwood LNG project is expected to begin in 2018 with the first LNG produced in 2022, subject to Tellurian making a Final Investment Decision and a permit from the US Federal Energy Regulatory Commission.
The four agreements cover four phases of the construction process, as production plants are progressively brought online. At full capacity, the facility will produce up to 27.6 MMtpy of LNG.
Bechtel has delivered 42 LNG trains on 17 projects in 10 countries. The milestone includes the delivery of three LNG trains to customers in Australia and the United States in 2017 alone, adding some 13.5 MMtpy of LNG to the global energy market. Today, production on Bechtel-built facilities accounts for 30% of global LNG capacity.
According to GIIGNL’s 2018 Annual Report, global LNG trade expanded by 3.5 Bft3d in 2018, to 38.2 Bft3d—a record 10% increase.
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