Former Driftwood LNG Plant Already 22% Built, On Track to Start 2029

MDN chronicled the rise and fall of Tellurian, founded by Charif Souki (who also founded Cheniere Energy), and Tellurian’s LNG export project, Driftwood. Tellurian’s primary focus was to build Driftwood LNG, a 27.6 million tonnes per annum (MTPA) facility that would cost $14.5 billion. Construction began on the project in March 2022, even without a final investment decision (see Tellurian Begins Construction of Driftwood LNG with No FID). The company spent more than $1 billion building Driftwood before all the wheels came off financially. In July 2024, Australian LNG giant Woodside announced a deal to buy Tellurian (and Driftwood) for $1.2 billion, renaming it Louisiana LNG (see Australia’s Woodside Buying Tellurian & Driftwood LNG for $1.2B). Woodside pulled the trigger on an FID earlier this year.

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