Challenging Conventional Thinking with Proven Results in the LNG Industry

HOUSTON, Texas – (BUSINESS WIRE) November 30, 2020 — Tellurian Inc. (Tellurian) (NASDAQ: TELL) today named Octávio Simões as President and Chief Executive Officer (CEO), and Jonathan Gross and Jean Abiteboul as new independent Board members, adding significant strength to an already experienced team.

Mr. Simões was President and CEO of Sempra LNG & Midstream where he was responsible for all liquefied natural gas (LNG) and natural gas midstream activities, including Cameron LNG, a 12 million tonnes per annum (mtpa) liquefaction facility that came onstream with first LNG exports in August 2019. Mr. Simões joined Tellurian as Executive Vice President, LNG Marketing and Business Development. He has engineering degrees from the Georgia Institute of Technology and from the University of Massachusetts – Dartmouth, and is a registered professional engineer.

As independent directors, Jonathan Gross and Jean Abiteboul bring vast upstream and LNG marketing experience to the Board.

Jonathan Gross is an oil and gas consultant and his company Jexco LLC provides upstream exploration and geological services. Formerly, he was a Senior Vice President of Energy Partners, Ltd., and also worked at Kuwait Energy Company and Cheniere Energy. He served on the Board of Directors for Cheniere Energy Holdings from 2014 to 2018. Mr. Gross is a Certified Geologist.

Jean Abiteboul is President of GIIGNL, the Paris- based International Group of LNG Importers founded in 1971. GIIGNL has 86 member companies headquartered in 27 countries, and GIIGNL members handle more than 90% of LNG imports worldwide. He is an engineer and was formerly President of Cheniere Marketing Ltd and an Executive Officer of Cheniere Energy, Inc. Mr. Abiteboul began and spent the majority of his career at Gaz de France (now Engie), serving in various executive capacities and on various boards.

Tellurian’s former President and CEO Meg Gentle is departing the company.

Executive Chairman Charif Souki said, “I watched Octávio put together a complex project at Cameron LNG with admiration. He and I together are responsible for 75 percent of the U.S. liquefaction capacity and I am delighted now to have the opportunity to work with him on Driftwood LNG, the next big milestone in U.S. liquefaction. With our Board of Director additions, Jean will bring a unique perspective on the global LNG market, and Jon has a deep understanding of the U.S. upstream industry. We stand at a critical inflection point in the energy sector. The fundamentals are now very supportive of our business model to launch an integrated American global natural gas company at Driftwood. Octávio, Jean and Jon will make a huge contribution to that effort. The Tellurian team thanks Meg for her hard work and significant contributions to the company over the past four years and we wish her all the best in the future.”

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

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HOUSTON–(BUSINESS WIRE)– Tellurian Inc. (Tellurian) (NASDAQ: TELL) continues to build its integrated global natural gas business. During the third quarter of 2020, Tellurian raised $32.8 million in net proceeds through issuances of common stock, reduced debt by $33.9 million and extended the Term Loan maturity to March 2022.

Natural gas production for the third quarter was approximately 4.1 billion cubic feet equivalent (Bcfe) and remained flat with an exit rate of 47 million cubic feet equivalent per day (mmcfed). Natural gas sales rose to $7.3 million for the third quarter, which was an increase over $6.3 million in sales for the last quarter.

President and CEO Meg Gentle said, “Natural gas markets and prices have recovered worldwide. Investment in new drilling and infrastructure is acutely needed to balance the market in 2021 and beyond. Building liquefaction terminals as fully integrated partnerships is the only way partners will secure the lowest cost of gas and be protected from the market’s inherent volatility.”

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