By November 9, 2018 0 Comments Read More →

Tellurian on track to start building Louisiana LNG export plant in 2019

(Reuters) – US liquefied natural gas company Tellurian Inc said it expects to start construction on its Driftwood LNG export terminal in Louisiana in the first half of 2019 and begin operations in 2023.

Chief Executive Meg Gentle said in the company’s third-quarter earnings that Tellurian will announce partners in the $27.5 billion project by the end of 2018.

Driftwood is one of dozens LNG export projects under development in the United States seeking customers so they can start construction and enter service over the next decade to meet growing global demand for the fuel.

U.S. LNG exports have almost quadrupled from 183.9 billion cubic feet (bcf) of natural gas in 2016 to 706.4 bcf in 2017, worth about $3.3 billion, and are on track to top 1,000 bcf in 2018, making the country one of the world’s biggest exporters of the super-cooled form of natural gas.

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The Louisiana Oil & Gas Association (known before 2006 as LIOGA) was organized in 1992 to represent the Independent and service sectors of the oil and gas industry in Louisiana; this representation includes exploration, production and oilfield services. Our primary goal is to provide our industry with a working environment that will enhance the industry. LOGA services its membership by creating incentives for Louisiana’s oil & gas industry, warding off tax increases, changing existing burdensome regulations, and educating the public and government of the importance of the oil and gas industry in the state of Louisiana.

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