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United States. Federal Energy Regulatory Commission

Federal Energy Regulatory Commission Grants Extension of Time for Driftwood LNG and Driftwood Pipeline Projects

Strategic Insights

— 1 min read

The Federal Energy Regulatory Commission (FERC) has issued a delegated order granting an extension of time for the Driftwood LNG and Driftwood Pipeline projects, which were initially authorized in an Order Granting Authorization Under Sections 3 and 7 of the Natural Gas Act on April 18, 2019. The original deadline for completion was April 18, 2026. In February 2024, the Commission granted an initial extension of time until April 18, 2029. The latest extension granted by FERC allows the projects to be completed by December 31, 2029.

Key Takeaways:

  • The Driftwood LNG and Driftwood Pipeline projects, initially authorized in 2019, have been granted a second extension of time by FERC.
  • The original deadline for completion was April 18, 2026, but was extended to April 18, 2029 in February 2024.
  • The latest extension granted by FERC extends the deadline to December 31, 2029.
  • The projects are currently actively under construction, with a positive final investment decision made by Woodside Energy on April 29, 2025.
  • The extension is required to support additional equity sell-downs, offtake agreements, and other agreements with third parties to progress the development of the Project.
  • The Commission notes that there have been no changes to the Project scope as authorized in the original Order.

Statistics:

  • The Driftwood LNG and Driftwood Pipeline projects were initially authorized in an Order Granting Authorization Under Sections 3 and 7 of the Natural Gas Act on April 18, 2019.
  • The original deadline for completion was April 18, 2026.
  • The Commission granted an initial extension of time in February 2024.
  • The latest extension granted by FERC extends the deadline to December 31, 2029.
  • The projects are currently under construction, with a positive final investment decision made by Woodside Energy on April 29, 2025.

Sources:

  • 167 FERC P 61,054 (2019)
  • 186 FERC P 61,112 (2024)
  • 187 FERC P 62,049 (2024)
  • 188 FERC P 61,017 (2024)
  • Driftwood LNG LLC, Notification of Entity and Project Name Change and Request to Update Corporate Officials List, Docket Nos. CP17-117-000, CP17-117-001 & RM99-9-000 (Dec. 10, 2024).

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