Tellurian | Driftwood LNG Terminal
USA
Overview
Status
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Region
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North America
Geography
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USA
State
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Louisiana
Equity Owner
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Woodside
Proponent
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Tellurian
Output
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LNG
Type of electricty
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Capacity
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LNG: 27.6 mtpa
Financing
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Technology
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Liquefaction and Export Facility
Technical Advisors
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Bechtel Energy (EPC)
Advisors
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PJT Partners (Woodside financial advisor)
Project Contact
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Woodside CEO Meg O’Neill
Lawyers
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Norton Rose Fulbright (Woodside)
Project Cost
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Offtaker
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Commercial Operations Date
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Decommission Date
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FID
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March, 2022
Description
The Driftwood LNG terminal is a liquefied natural gas (LNG) export facility near Lake Charles, Louisiana.
In July 2024, Woodside entered into a definitive agreement to acquire all issued and outstanding common stock of Tellurian including its owned and operated US Gulf Coast Driftwood LNG development opportunity.
In connection with entry into a binding agreement to acquire Tellurian, Woodside will provide a loan to Tellurian of up to $230m to ensure Driftwood LNG site activity and de-risking activities maintain momentum prior to completion of the transaction. The loan is secured by a first priority lien over the borrower’s assets subject to customary exclusions. The latest maturity date for the loan is 15 December 2024 or the date of transaction completion.