June 30 (LNGJ) - Tellurian Inc., developer of the US Driftwood LNG plant in Louisiana, has exercised its long-term lease option with the Lake Charles Harbor and Terminal District on a 477-acre site. The ground lease agreement has an initial term of 20 years with extension options of up to 50 years.
“Tellurian is taking necessary steps to prepare for Driftwood LNG construction by entering into this long-term lease and executing certain projects such as road improvements and utility relocation,” said Tellurian’s Executive Vice President and Chief Operating Officer Keith Teague.
