Tellurian Inc. has finalized LNG sales agreements with Shell NA LNG. Agreements are on a free on-board basis at Driftwood LNG for a combination of 3 million tonnes/year (tpy) for a 10-year period, indexed to a combination of two indices: the Japan Korea Marker (JKM) and the Dutch Title Transfer Facility (TTF), each netted back for transportation charges.
The agreements mark the third deal Tellurian has finalized in 10 weeks, totaling 9-million tpy and nearly all the capacity of Driftwood LNG’s first two trains (OGJ Online, June 3, 2021).
Tellurian said it will now focus on financing Driftwood, with a focus on beginning construction early-2022.
Bechtel Oil, Gas, & Chemicals Inc. is Driftwood’s engineering, procurement, and construction contractor (OGJ Online, Nov. 13, 2017). The plant is being built in Carlyss, La., on the west bank of the Calcasieu River.
