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Bechtel Oil, Gas and Chemicals Inc has agreed to design and build Tellurian Inc.'s Driftwood LNG, a proposed liquefied natural gas facility near Lake Charles, for $15.2 billion.

Driftwood includes 20 liquefaction units, each expected to produce up to 1.38 million tons of LNG per year; three LNG storage tanks with 8.3 million cubic feet of storage; and three marine loading berths. The project will be built in four phases, and Bechtel has agreed to four fixed-price, lump-sump, turnkey arrangements.

Tellurian President and Chief Executive Officer Meg Gentle said the agreements with Bechtel guarantee the facility will be built at a cost of $550 per ton, making it one of the lowest-cost liquefaction construction projects in the world.

Bechtel has built 42 production units on 17 LNG projects in 10 countries, Gentle said. The Bechtel-built facilities account for 30 percent of the world’s LNG capacity.


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