Bechtel to perform additional work on Tellurian’s Driftwood LNG project
- Ports & Logistics
US LNG export project developer, Tellurian has hired a unit of Bechtel for additional engineering works on its proposed 27.6 mtpa Driftwood LNG project near Lake Charles, Louisiana.
The front-end engineering and design (FEED) study for the Driftwood LNG project has been completed by Bechtel in August.
Bechtel Oil, Gas and Chemicals will conduct additional engineering for the Driftwood LNG facility, intended to advance engineering to approximately 20% by 2018, Tellurian said in its third-quarter report on Thursday.
Tellurian reported a net loss of about $22.9 million, or $0.12 per share for the three months ended September 30.
“Tellurian will have access to gas supply for a low cost of approximately $2.25 per mmBtu and the capability to deliver LNG to the global market,” said Tellurian chief executive Meg Gentle.
” We look forward to executing the EPC agreement with Bechtel and confirming our regulatory schedule with the FERC,” added Gentle.