Tellurian (NASDAQ: TELL) announced May 2 that the U.S. Department of Energy (DOE) Office of Fossil Energy has issued the long-term authorization for Driftwood LNG to export domestically produced LNG from its proposed export facility to non-free trade agreement countries.
U.S. Secretary of Energy Rick Perry said, “I am pleased to announce the order signed today authorizing Driftwood, owned by Tellurian Inc., to export up to 3.88 billion cubic feet per day of natural gas as LNG, to any country that does not have a free trade agreement (FTA) with the United States. The United States is now in its third consecutive year as a net exporter of natural gas, now exporting domestic LNG to 35 countries. I applaud the American private sector for continuing to reach new milestones and look forward to continued growth in this sector.”
“Tellurian thanks the U.S. administration, Secretary Perry and the DOE staff for their diligence in authorizing this order that is crucial to global LNG trade. The U.S. will become a top three LNG exporter and Tellurian intends to do our part in creating U.S. jobs while delivering a cleaner energy supply source to the world,” said Tellurian President and CEO Meg Gentle.
On April 18, Tellurian completed another regulatory milestone as the U.S. Federal Energy Regulatory Commission (FERC) issued an order granting authorization for Driftwood LNG, a proposed ~27.6 million tonnes per annum (mtpa) liquefaction export facility near Lake Charles, La., and the associated Driftwood pipeline, a 96-mile proposed pipeline connecting to the facility (collectively, the Driftwood project).
Recommended Reading
Woodside on the Prowl for Driftwood Partners, Gas Suppliers
2024-09-26 - Australian natural gas and LNG exporter Woodside Energy, which recently agreed to acquire Tellurian in a deal valued at $1.2 billion, isn’t yet looking to develop an upstream U.S. onshore position to secure gas for Driftwood LNG.
EIA: Natural Gas Storage Report (Nearly) Meets Market Expectations
2024-09-26 - Natural gas prices held steady on Sept. 26 after rallying through most of the month.
Exxon Awards JGC, Technip Energies LNG FEED Contract
2024-09-26 - Technip Energies said Rovuma LNG, located in Mozambique, is expected to have a total production capacity of 18 million tonnes per annum.
EQT Plans to Reverse Some US Natgas Production Curtailments in Oct, CEO Says
2024-09-25 - EQT, the biggest U.S. natural gas producer, has along with other U.S. drillers curtailed output in 2024 after prices collapsed to multi-year lows in the spring following a mild winter that left a tremendous oversupply of fuel in storage.
A Million Homes, Businesses in Texas Still Without Power After Hurricane Beryl
2024-07-12 - Ports along the Gulf Coast, which had closed ahead of the hurricane, have largely resumed operations and vessel traffic.