Talking on global natural gas supply, there will be approximately 100 million tonnes added globally over the next 7 years and may be short for a long period of time. One of the things the market is missing today is that there is a tremendous amount of redirection to electricity. Demand is increasing through the use of technology and electric vehicles, allowing for more hydrocarbon needs around the world. Today, with aspirations on what we want to do in 30 years down the road, in the U.S. hydrocarbons – in particular natural gas and coal – are responsible for approximately 60% of all electricity and power generation, nuclear is around 20% and renewables all together are another approx. 20%. This kind of growth cannot be sustained without a significant increase in natural gas consumption. This is even more true on a global basis. With this knowledge, Tellurian expects commercial efforts to accelerate.
Guest: Charif Souki | Chairman, Tellurian Inc.
Production: Allison Clark | Manager, Marketing
#Tellurian intends to create value for shareholders by building a low-cost, global natural gas business, profitably delivering natural gas to customers worldwide. Tellurian is developing a portfolio of natural gas production and has nearly 100 drillable locations with an estimated one trillion cubic feet of net resource. It is also developing an LNG trading operation and infrastructure that includes an ~ 27.6 mtpa #LNG export facility and an associated pipeline. Tellurian is based in Houston, Texas, and its common stock is listed on the #Nasdaq Capital Market under the symbol “TELL”.
CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS
This presentation contains forward-looking statements within the meaning of U.S. federal securities laws. The words “anticipate,” “assume,” “believe,” “budget,” “estimate,” “expect,” “forecast,” “initial,” “intend,” “may,” “plan,” “potential,” “project,” “proposed,” “should,” “will,” “would,” and similar expressions are intended to identify forward-looking statements. Forward-looking statements herein relate to, among other things, future natural gas and LNG supply, demand, prices and market conditions, electricity demand, drilling activities, and commercial activities. These statements involve a number of known and unknown risks, which may cause actual results to differ materially from expectations expressed or implied in the forward-looking statements. These risks include the matters discussed in Item 1A of Part I of the Annual Report on Form 10-K of Tellurian for the fiscal year ended December 31, 2020, and other Tellurian filings with the Securities and Exchange Commission, all of which are incorporated by reference herein. The forward-looking statements in this presentation speak as of April 13, 2021, the date it was posted. Although Tellurian may from time to time voluntarily update its prior forward-looking statements, it disclaims any commitment to do so except as required by securities laws.