Meg Gentle, CEO delivers our Corporate Update with a nod to our recent 2019 successes.
News and presentations
This page includes links to videos that include statements made by officers and directors of Tellurian Inc. (the “Company”) and other persons. The Company assumes no responsibility for statements made by persons other than its officers, directors and other authorized spokespersons. Statements made by the Company’s representatives may include forward-looking statements regarding, among other things, commodity prices, regulatory and operational developments, future economic conditions and other matters. Such forward-looking statements are subject to numerous risks and uncertainties, including the risk of unanticipated changes in market, regulatory or business environments and other risks described in the Company’s filings with the SEC, which are available on this site under “Investors—Financials, Filings and Presentations.” The Company does not undertake to update such forward-looking statements, which are made only as of the date indicated.
April 25, 2019
NEW! CHAT with TELL | Corporate update
April 18, 2019
PRESS RELEASE | Tellurian’s Driftwood Receives Order Granting Authorization From FERC
Tellurian Inc. (Tellurian) (NASDAQ: TELL) announced today that the U.S. Federal Energy Regulatory Commission (FERC) has issued the order granting authorization for Driftwood LNG, a proposed ~27.6 million tonnes per annum (mtpa) liquefaction export facility near Lake Charles, Louisiana, and the associated Driftwood pipeline, a 96-mile proposed pipeline connecting to the facility (collectively, the Driftwood project).
President and CEO Meg Gentle said, “Tellurian thanks FERC and other state and federal agencies for their diligence and for working alongside our team over the past three years to ensure that we bring the Driftwood project to the market safely and efficiently. We look forward to beginning construction and delivering first LNG in 2023.”
April 18, 2019
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.
April 16, 2019
HOUSTON CHRONICLE | Tellurian’s CEO Meg Gentle is on a mission to change how the world gets its natural gas
Meg Gentle is President and CEO of Tellurian Inc., a company that is in the process of building a liquefied natural gas export terminal on the U.S. Gulf Coast.
April 16, 2019
CNBC | Pipeline politics: Tellurian CEO on regulation
Tellurian CEO Meg Gentle talks America’s LNG boom in and exclusive interview with CNBC’s Brian Sullivan.
April 9, 2019
NEW! CHAT with TELL | #Strategically planning the next wave – Part 2
Where is the release valve for the prolific U.S. natural gas? Louisiana, the home of our proposed Driftwood LNG project.
LNG answers more than urban pollution. Building U.S. pipeline infrastructure and export facilities help Permian producers find an outlet for their associated gas. Listen to our team talk efficiencies and alternatives to help slow climate change – and hear their Market Commentary live!
April 8, 2019
PRESS RELEASE | Tellurian Announces Binding Open Season for the Permian Global Access Pipeline
Tellurian (NASDAQ: TELL) announced today that its subsidiary Permian Global Access Pipeline LLC is conducting a binding open season to secure prospective shippers for its proposed PGAP project (PGAP). PGAP is a proposed 42-inch diameter interstate natural gas pipeline originating at the Waha Hub in Pecos County, Texas, and terminating at Gillis, Louisiana, north of Lake Charles, Louisiana. The pipeline connects the prolific Permian Basin in Texas to the rapidly growing natural gas market in Southwest Louisiana. PGAP is estimated to cost approximately ~$3.7 billion to construct and will have the capacity to transport at least two billion cubic feet of natural gas a day. Construction could begin as early as 2021 and the pipeline is targeted to be in service as early as 2023.
PGAP is part of Tellurian’s proposed pipeline network. The network represents an anticipated overall investment of approximately ~$7.3 billion in U.S. infrastructure, and is expected to create approximately 15,000 jobs in Texas and Louisiana. The investment is incremental to the $15.2 billion investment that Tellurian plans for Driftwood LNG, a proposed liquefied natural gas (LNG) export facility near Lake Charles, Louisiana.
President and CEO Meg Gentle said, “Permian producers have recently paid $9.00 per mmBtu to move their natural gas away from the wellhead, reflecting the acute need for infrastructure development in the basin. By contrast, Southwest Louisiana is a market expected to grow 300% in the next five years. The Permian Global Access Pipeline is critical infrastructure that will interconnect stranded Permian gas production with growing markets, reduce flaring, and provide a valuable cleaner fuel to reduce urban pollution and carbon globally.”
The open season will begin at noon Central time on Monday, April 8, 2019 and runs through Friday, May 24, 2019 at 4 p.m. Central time. Interested parties are encouraged to contact Joey Mahmoud, President of PGAP or Mac Broderick, VP of PGAP at +1.832.962.4000 for more information.
April 2, 2019
A new business update presentation is available for Tellurian Inc. (NASDAQ: TELL). The presentation will include forward-looking information.
April 2, 2019
Total and Tellurian sign HOA for equity investment in Driftwood and 2.5 mtpa LNG; Execute common stock purchase agreement for additional investment in Tellurian
Tellurian Inc. (Tellurian) (NASDAQ: TELL) and Total S.A. (Total) announced today that the two companies have signed a Heads of Agreement (HOA) for Total to make a $500 million equity investment in the integrated Driftwood project and to purchase one million tonnes per annum (1 mtpa) of liquefied natural gas (LNG) from Driftwood.
In addition, the HOA specifies that Tellurian and Total will enter into a sales and purchase agreement (SPA) for a further 1.5 mtpa of LNG from Tellurian Marketing’s LNG offtake volumes from the proposed Driftwood LNG export terminal. The SPA will be for the purchase of LNG free on board (FOB) for a minimum term of 15 years, at a price based on the Platts Japan Korea Marker (JKM).
Tellurian and Total have also executed a common stock purchase agreement pursuant to which Total will purchase approximately 19.87 million shares of Tellurian common stock for $200 million, subject to certain closing conditions in particular the Driftwood project FID. Including Total’s original $207 million investment in Tellurian in 2017, Total’s aggregate investment within the Tellurian portfolio will amount to $907 million.
The common stock purchase agreement specifies that Tellurian Marketing will purchase equity interests in Driftwood, which Tellurian intends to fund with a private equity financing at the Tellurian Marketing level. Tellurian anticipates that the equity interest will represent 2 mtpa of LNG purchases and that after full construction of the ~27.6 mtpa Driftwood LNG terminal, Tellurian Marketing will receive ~13.6 mtpa of LNG from Driftwood.
President and CEO Meg Gentle said, “Total is a premier global natural gas production and trading company and will manage a portfolio of 40 mtpa of LNG by 2020. Our partnership with Total began before the inception of Tellurian, when Total endorsed a new business model for U.S. LNG. We look forward to consistently delivering on our development plan for Driftwood LNG and the integrated network, beginning construction on the largest privately funded infrastructure project in the U.S., and producing low-cost, reliable natural gas as we dedicate LNG to reduce urban pollution and transition to a low-carbon economy.”
Patrick Pouyanné, Total’s Chairman and CEO said, “The cost to produce natural gas in the U.S. continues to fall, as the engine of American innovation finds more efficient ways to apply technology to producing its vast energy resources. The Tellurian team has an established track record of developing and constructing energy infrastructure on time and at the lowest cost. We look forward to joining the Driftwood partnership and continuing to invest in our LNG portfolio to provide flexible, reliable, and low-cost LNG to our global customers.”
The Driftwood project includes natural gas production, gathering, processing and transportation facilities, along with Driftwood LNG, a proposed ~27.6 mtpa liquefaction export facility that will be located near Lake Charles, Louisiana on the U.S. Gulf Coast. Driftwood LNG and Driftwood Pipeline have received the final Environmental Impact Statement (EIS) and are expected to begin construction this year, deliver first LNG in 2023 with full operations in 2026.
March 31, 2019
Octávio Simões joins Tellurian
Tellurian Inc. (Tellurian) (NASDAQ: TELL) announced today that Octávio M.C. Simões has joined the company as Senior Advisor to the CEO. Mr. Simões recently retired from his role as President and CEO of Sempra LNG & Midstream, LLC (Sempra).
President and CEO Meg Gentle said, “Octávio brings 38 years of impressive energy industry experience to Tellurian’s remarkable infrastructure team. At Sempra, he led the company’s LNG and natural gas midstream activities, including development and commercialization of Cameron LNG, where he focused on reliability of deliveries to customers, safety and gas sourcing strategies that assure reliable production of LNG. Octávio has deep relationships in the LNG market and an unmatched tenacity for developing new projects. I look forward to capitalizing on his expertise as we complete the commercialization of Driftwood LNG and prepare the company for future growth.”