By the start of 2020, several LNG export projects had already reached a final investment decision, putting those that had yet to reach that milestone — such as Driftwood — in a tough position. The company extended its memorandum of understanding in February with Petronet LNG Ltd. to negotiate the purchase of up 5 mtpa of LNG from the Driftwood project, concurrent with an equity investment in Driftwood Holdings. The deal involves LNG free on board at a price based on the Platts Japan Korea Marker (JKM). A final investment decision (FID) on a huge project (LNG Canada) was taken at the beginning of October and several projects are close to FID. ... Driftwood final investment decision ... capacity, timing and impact of the Driftwood project, including the final investment decision relating to the project. * Driftwood is one of more than a dozen U.S. and Canadian LNG export terminals under development that expect to make a final investment decision in 2019. NFE will boost Qatar’s LNG production capacity to 110 million tonnes/year(TPY) by 2026. One billion cubic feet of gas is enough to supply about five million homes for a day. Construction of the Driftwood LNG project is expected to begin in 2018 with the first liquefied natural gas (LNG) produced in 2022, subject to Tellurian making a Final Investment Decision and a permit from the U.S. Federal Energy Regulatory Commission. In 2020, global LNG demand hit a record high of 360 million tonnes. “Tellurian will then stand ready to make a final investment decision and begin construction in the first half of 2019, with the first LNG expected in 2023.” The associate Driftwood pipeline, which will be 154km long, will supply gas to the Driftwood LNG facility. Following the lapse of the deal and due to the effects related to the Covid-19 pandemic, the US LNG developer also delayed a final investment decision on its Driftwood … Earlier in April, French oil and gas major Total signed a non-binding deal, agreeing to invest $500m in equity in Driftwood Holdings and off-take 2.5 million tonnes per annum of LNG. Integrated, cost-based models, are also promoted (Driftwood LNG, Golden Pass), instead of the tolling model. The first phase of Driftwood is slated for operation in 2025, and will produce about 16.5 million tonnes per annum of LNG, equivalent to about 2.2 billion cubic feet per day of natural gas. The company said that it is on track to make a final investment decision and start construction in 2019. Offering reliable liquefied natural gas, Tellurian serves the natural gas market by developing low-cast natural gas-related infrastructures. Driftwood is one of more than a dozen U.S. and Canadian LNG export terminals under development that expect to make a final investment decision in 2019. It will also be the French major’s first deal priced off JKM, which is a … Zagreb, 1 February 2019 - In accordance with planned deadlines for the construction of the floating LNG terminal on the Island of Krk, a Final Investment Decision was adopted on 31 January 2019. First large-scale LNG export facility in Canada receives a green light. The agreements are subject to the relevant regulatory approvals and to the Final Investment Decision (FID) of the Driftwood LNG project. Tellurian’s 27.6 mtpa Driftwood project sustained a major setback in May when a preliminary deal with Petronet LNG fell through. With a nameplate capacity of 27.6 million tons per year, Driftwood LNG is the largest of the 20 LNG export projects to be delayed. Tellurian said it planned to make a final investment decision this year on whether to build Driftwood, which would enable the plant to enter service in 2023. Tellurian had originally planned to start commercial operations in 2023. Driftwood is one of a dozen U.S. LNG export terminals under development that expect to make a final investment decision in 2019, which together would produce about 146 MTPA of LNG. The goal is to start selling LNG in 2023 and fully complete the project by 2026. Driftwood LNG, a 27.6 million tonnes of LNG per year facility that will cost on the order of $16.8 billion to build, has not made an official final investment decision (FID) to proceed with building the FERC-approved project. Final investment decision has been delayed, but the project is targeting production by 2024. Together the projects would produce over 150 MTPA of LNG. 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