We are continuing Driftwood LNG site construction and derisking project execution. We are making meaningful progress with Bechtel including site prep, piling, concrete foundations and berms for floodwater protection. Nearly 4000 piles completed. Initial concrete has been poured for compressor foundations. Plan to continuing piling to complete Phase-1 ISBL & OSBL program. Additionally planning to open up new work fronts soon, including marine facilities.
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16 U.S. representatives attended the #COP27, a defining moment in the fight against climate change. Science has established beyond doubt that the window for action is closing rapidly. #Egypt hosts this year’s 27th Conference of the Parties of the UNFCCC (COP27) in Sharm El-Sheikh, with a view to building on previous successes and paving the way for future ambition. This is a golden opportunity for all stakeholders to rise to the occasion and tackle effectively the global challenge of climate change facilitated by Egypt on the African continent.
Tellurian Inc. (Tellurian or the Company) (NYSE American: TELL) ended the third quarter with a 25% increase in net natural gas production and a 32% increase in natural gas sales, as compared to the second quarter of 2022.
President and CEO Octávio Simões said, “Tellurian continues to increase our domestic natural gas production by adding to our footprint, having now a total of 22,420 net acres, interests in 131 producing wells located in the Haynesville Shale, and more than 300 drillable locations*. In addition, Bechtel is continuing construction on the Driftwood terminal, and Tellurian is fully engaged in our efforts to secure strategic equity partners. The underlying market fundamentals strongly support our strategy of seeking the differential value between domestic and international natural gas prices for our shareholders.”
Climate is a serious concern – but the most important thing for people first is to feed themselves. Did you know seventeen percent of energy consumption goes to food production and food distribution in one way or the other?
Prices are too high across Europe, and very little natural gas is available on a long-term basis. How can we solve this problem?
100 million tonnes of permitted projects have not yet been financed. What does this mean in relation to our business model?
Executive Chairman Charif Souki discusses the U.S. natural gas market, financing and global energy issues.
Tellurian Inc. (Tellurian) (NYSE American: TELL) announced today that it has updated its Driftwood LNG financing strategy to prioritize securing equity partners. Part of this strategy includes introducing flexibility in its liquefied natural gas portfolio with the termination of two current sales and purchase agreements.