News and presentations

May 9, 2018
Tellurian reports first quarter 2018 results

Tellurian Inc. (Tellurian) (NASDAQ: TELL) continued to build its global natural gas business during the first quarter of 2018. Notable Tellurian achievements:

  • Initiated a process to raise $24 billion for Driftwood Holdings, which will own the Driftwood liquefied natural gas (LNG) export facility, one or more pipelines, and natural gas production assets; engaged Goldman Sachs & Co. LLC (Goldman Sachs) and SG Americas Securities, LLC (Société Générale) to serve as financial advisors.
  • Conducted non-binding open seasons through its subsidiaries to secure prospective shippers on two newly proposed pipelines – Haynesville Global Access Pipeline (HGAP) and Permian Global Access Pipeline (PGAP). The pipelines are part of Tellurian’s previously announced proposed pipeline network, the development of which is expected to represent an approximately $7 billion investment in U.S. infrastructure and to create approximately 15,000 jobs in Texas and Louisiana.
  • Generated approximately $6 million in revenue from LNG marketing, and approximately $1 million from natural gas sales.
  • Received a $50 million investment from an affiliate of Bechtel Oil, Gas and Chemicals, Inc.

President and CEO Meg Gentle said, “There are more than 20 companies conducting detailed analysis in our data room for Driftwood Holdings and we expect to be able to identify our partners soon. We intend to begin construction of the Driftwood LNG terminal in 2019 and produce first LNG in 2023.”

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April 11, 2018
Tellurian CEO Says Energy Won’t Be Part of a U.S.-China Trade War


March 27, 2018
New corporate presentation for Tellurian Inc. (NASDAQ: TELL)

A new corporate presentation is available for Tellurian Inc. (NASDAQ: TELL). The presentation will include forward-looking information.

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March 21, 2018
Bechtel Makes $50 Million Investment in Tellurian

Tellurian Inc. (Tellurian) (NASDAQ: TELL) announced today that an affiliate of Bechtel Oil, Gas and Chemicals, Inc. (Bechtel) has made a $50 million zero coupon preferred equity investment in Tellurian which has an implied Tellurian common share price of $8.16 per share.

Brendan Bechtel, Chairman and CEO of Bechtel Group, Inc. said, “Tellurian management and Bechtel have worked together for many years and we look forward to continuing our success as equity partners.”

President and CEO Meg Gentle added, “Bechtel and Tellurian management have constructed 55 million tonnes per annum (mtpa) of liquefaction capacity together on various projects and have formed a respected and productive relationship. We are fortunate to have such strong strategic partners including Bechtel, GE and Total and look forward to breaking ground at Driftwood LNG in 2019.”

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March 20, 2018
Tellurian Announces an Open Season for the Permian Global Access Pipeline

Tellurian (NASDAQ: TELL) announced today that its subsidiary Permian Global Access Pipeline LLC (PGAP) is offering a non-binding open season to secure prospective shippers for a proposed 42-inch diameter interstate natural gas pipeline connecting the Permian Basin in Texas to Southwest Louisiana. PGAP is estimated to cost approximately $3.7 billion to construct and will have the capacity to transport two billion cubic feet of natural gas a day. Construction is projected to begin as early as 2021 and the pipeline is targeted to be in service as early as 2022.

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March 15, 2018
Tellurian reports 2017 results

Tellurian Inc. (Tellurian) (NASDAQ: TELL) began building its global natural gas business in its first year as a public company. Notable Tellurian achievements:

Attained regulatory milestones for the Driftwood terminal and Driftwood pipeline

  • Received authority from the United States Department of Energy to export liquefied natural gas (LNG) to free-trade agreement nations
  • Completed the pre-filing phase and collectively submitted a formal application with the Federal Energy Regulatory Commission (FERC) to construct and operate the Driftwood terminal and Driftwood pipeline
  • Received a notice of schedule for environmental review from FERC stating that it will issue its final
  • Environmental Impact Statement (EIS) on October 12, 2018, and a Federal Authorization Decision Deadline on January 10, 2019, allowing Tellurian to make a final investment decision and begin construction of the Driftwood terminal in the first half of 2019

Completed front-end engineering and EPC agreements for the Driftwood terminal

  • Entered into four lump sum turnkey engineering, procurement and construction (EPC) contracts for an aggregate $15.2 billion with Bechtel for completion of the ~27.6 million tonnes per annum (mtpa) Driftwood terminal; contracts guarantee performance, timing and cost at $550 per tonne, one of the lowest cost liquefaction projects worldwide

Achieved financial goals

  • Closed the reverse merger with Magellan Petroleum Corporation and began trading on the NASDAQ under the ticker symbol “TELL”; TELL was added to the Russell 2000 Index
  • Issued common stock to Total for $207 million
  • Raised over $100 million in a public offering, including underwriter overallotments

Launched new business strategies

  • Initiated an offering of equity in Driftwood Holdings LLC, an integrated LNG business which includes natural gas reserves, pipelines, and export facilities for $1,500 per tonne of LNG contracted per year
  • Acquired almost 12,000 net acres of natural gas producing assets in the core of the Haynesville shale; targeting delivery of gas for $2.25/mmBtu to markets in Southwest Louisiana
  • Announced the Tellurian Pipeline Network to expand natural gas supply alternatives for the growing demand in Southwest Louisiana
  • Established initial LNG marketing activities and initiated a six-month time charter for the LNG tanker, the Maran Gas Mystras

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March 12, 2018
Tellurian updates timing and strategy for future upstream acquisitions and related financing

Tellurian Inc. (NASDAQ: TELL) and its wholly owned subsidiary Driftwood Holdings LLC today provided an update on its upstream acquisition and financing strategy. Tellurian began building its upstream portfolio in November 2017 and continues its focus on acquiring core Haynesville shale assets.


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March 9, 2018
Tariffs will definitely increase our costs: Tellurian co-founder

Tariffs won’t have much of an impact to our industry in the overall scheme of things because the U.S. has such a competitive advantage….what we need is regulatory certainty and the administration is working on it.

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March 9, 2018
Meg Gentle, President & CEO, Tellurian at CERAWEEK


March 6, 2018
Charif Souki Says Natural Gas Becoming A Commodity Business


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27th World Gas Conference, June 25-29, 2018 in Washington D.C.
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39th Oil and Money conference, October 9-11, 2018 in London
Singapore International Energy Week (SIEW), October 29 through November 2, 2018 at Marina Bay Sands
CWC 19th Annual World LNG Summit & Awards Evening, November 27-30, 2018 in Lisbon, Portugal
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