LNG

Tellurian wins 10-year tax break for Driftwood LNG

Tellurian has won approval for a tax break for its planned Driftwood LNG project in Louisiana that could be worth more than $2 billion over 10 years
By Staff reporter 17 December 2018 0 33701

United States-based Tellurian has won approval for a tax break for its planned Driftwood LNG project in Louisiana that could be worth more than $2 billion over 10 years, local newspaper The Advocate reported on Friday.

The Louisiana Board of Commerce and Industry voted on Friday to grant the first five-year tranche of the tax exemption, which will potentially be worth $283.7 million during the first year alone. If it is renewed for another five years, the tax break would be the...