CHAT with TELL | Tellurian and #Petronet sign MOU

Tellurian and Petronet Sign MOU for Up to 5 Million Tonnes of LNG Through Equity Investment in Driftwood

Tellurian Inc. (Tellurian) (NASDAQ: TELL) and Petronet LNG Limited INDIA (PLL) announced today that the two companies have signed a Memorandum of Understanding (MOU) wherein Petronet and its affiliates intend to negotiate the purchase of up to five million tonnes per annum (5 mtpa) of liquefied natural gas (LNG) from Driftwood, concurrent with its equity investment, which remains subject to further due diligence and approval of its board of directors. Tellurian and Petronet will endeavor to finalize the transaction agreements by 31 March 2020.

President and CEO Meg Gentle said, “Petronet, India’s largest LNG importer, will be able to deliver clean, low-cost, and reliable natural gas to India from Driftwood. Increasing natural gas use will enable India to fuel its impressive economic growth to achieve Prime Minister Modi’s goal of a $5 trillion economy while contributing to a cleaner environment. It is an honor to sign the MOU with Petronet in the presence of H.E. Prime Minister Narendra Modi. At Tellurian, we look forward to a long and prosperous partnership with Petronet in the Driftwood project.”

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. In April, the U.S. Federal Energy Regulatory Commission (FERC) issued the order granting authorization for Driftwood LNG and the 96-mile Driftwood Pipeline, which will inter-connect the LNG terminal to the U.S. natural gas market. Click to Read More.

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Host: Johan Yokay | Manager, Investor Relations
Guest: Meg Gentle | President and CEO
Production: Allison Clark | Brand Supervisor

Business Description

#Tellurian was founded by #CharifSouki and #MartinHouston and is led by #President and #CEO #MegGentle. 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, LNG trading, 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 regarding the completion of definitive agreements as contemplated by the MOU, market conditions and other developments in India, the commencement and completion of construction of the Driftwood project, the financing of the project and the performance of the project. These statements are subject to 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 for the fiscal year ended December 31, 2018 and other Company filings with the Securities and Exchange Commission, all of which are incorporated by reference herein. There can be no assurance that Petronet’s potential equity investment in the Driftwood project, or the potential LNG purchase agreement, will be completed. The commencement of construction of the Driftwood project is subject to the completion of financing arrangements that may not be completed within the time frame expected or at all. The forward-looking statements herein speak as of the date hereof. Although the Company 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.

Music | #cool by Vincent Augustus is licensed under a Attribution-ShareAlike License | CC BY-SA 4.0

CHAT with TELL | Production in the #Permian Basin

The pace of hydrocarbon production growth in the Permian has been astonishing. Oil is the driving factor as companies claim to be profitable when prices are above $35/b. Yet associated natural gas production threatens to derail continued oil production growth in this basin without substantial investment in new gathering and gas infrastructure (transmission out of the basin and LNG plants).

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Follow us on Twitter @TellurianLNG

Host: Johan Yokay | Manager, Investor Relations
Guest: Thierry Bros | VP, Research
Production: Allison Clark | Brand Supervisor

Business Description

#Tellurian was founded by #CharifSouki and #MartinHouston and is led by #President and #CEO #MegGentle. 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, LNG trading, 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 podcast 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 LNG prices and demand, natural gas production, pipeline permitting and construction and other factors potentially affecting our business and prospects and our industry. 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, 2018, and other Tellurian filings with the Securities and Exchange Commission, all of which are incorporated by reference herein. FID is subject to the completion of financing arrangements that may not be completed within the time frame expected or at all. The forward-looking statements in this podcast speak as of 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.

Music | #cool by Vincent Augustus is licensed under a Attribution-ShareAlike License | CC BY-SA 4.0

CHAT with TELL | Meg Gentle on The #Stock Podcast

“We are changing the entire geopolitical balance of energy on a worldwide basis…” commented by Meg Gentle.

Listen to Nate Abercrombie’s interview with Meg on a new #CHATwithTELL.

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Host: Nate Abercrombie for The Stock Podcast
Guest: Meg Gentle, President and CEO of Tellurian Inc.
Production and creative direction: Amit Marwaha, Johan Yokay and Allison Clark

Business Description

#Tellurian was founded by #CharifSouki and #MartinHouston and is led by #President and #CEO #MegGentle. 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, LNG trading, 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 podcast 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, the capacity, timing, and other aspects of the Driftwood project, including whether we will reach a final investment decision (“FID”) with respect to the project. 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, 2018, and other Tellurian filings with the Securities and Exchange Commission, all of which are incorporated by reference herein. FID is subject to the completion of financing arrangements that may not be completed within the time frame expected or at all. The forward-looking statements in this podcast speak as of 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.

CHAT with TELL | EU #pricing transformation

Mechanisms for pricing EU natural gas may not be as they seem. Join Thierry Bros, VP of #Research at #Tellurian and Senior Research Fellow at the #Oxford Institute for #Energy Studies while he discusses the transformational European market.

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Host: Amit Marwaha
Guest: Thierry Bros
Production: Allison Clark

Program outline

01:00 – Evolution of natural gas pricing in the EU

02:00 – From oil index to spot – similar story during financial crisis

04:30 – On our Vitol contract – we are in a position to really transform the market

05:00 – JKM vs liquidity

06:15 – Pricing mechanisms

09:00 – Supply security and research

10:45 – Russia investment in upstream for China

12:00 – Nord Stream pipeline projects – supply, consumer or transit issue?

14:45 – Storage in Europe and LNG solutions

Business Description

#Tellurian was founded by #CharifSouki and #MartinHouston and is led by #President and #CEO #MegGentle. 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, LNG trading, 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 podcast 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, the capacity, timing, and other aspects of the Driftwood project, including whether we will reach a final investment decision (“FID”) with respect to the project. 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, 2018, and other Tellurian filings with the Securities and Exchange Commission, all of which are incorporated by reference herein. FID is subject to the completion of financing arrangements that may not be completed within the time frame expected or at all. The forward-looking statements in this podcast speak as of 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.

Music | #cool by Vincent Augustus is licensed under a Attribution-ShareAlike License | CC BY-SA 4.0

CHAT with TELL | Corporate #update

Meg Gentle, #CEO delivers our Corporate Update with a nod to our recent #2019 #successes.

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Program outline

Host: Amit Marwaha
Guest: Meg Gentle
Production: Allison Clark

Commercial
1. Drivers and key takeaways from HOA announcement with Total SA
2. Factors of the deal that market have misconstrued
3. Drawing a mental map – going from HOA to binding agreement
4. Factors driving the timeline?
5. What has the reaction been from LNG customers on the announcement?
6. How does shaping of the HOA assist current customers in the queue and others at various stages in the pipeline?
7. Thoughts on crude linked pricing for offtake volumes
8. Industrial logic behind TELL taking an incremental 2 mtpa of capacity and PE funding. How to think about TELL’s exposure in the project vs. partners
9. How does the PE offering look return profile compare vs. other infrastructure/LNG investment in the past made in the Gulf Coast?

Operating/Financial updates
1. How does the revised value proposition look from here for TELL and its equity partners. How did the estimates/guidance change?
2. Risks to achieving revised operating estimates and financing costs?
3. Concerns have arisen around near-term JKM prices and future implications for our model? What are the risks of our business model within the current environment?

Strategy
1. What are TELL’s plans for PGAP (volumes, pricing, 3rd party, production growth)?
2. Has the procurement strategy for TELL’s LNG volumes from the U.S. basins been tweaked? (pipes, upstream, regional hubs)
3. Potential read throughs to TELL from recent M&A within the U.S. and Permian basin?
4. What was the tone/key takeaways from LNG 2019 conference in early April?

Business Description

#Tellurian was founded by #CharifSouki and #MartinHouston and is led by #President and #CEO #MegGentle. 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, LNG trading, 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”.

Confidential notice

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.

Music | #cool by Vincent Augustus is licensed under a Attribution-ShareAlike License | CC BY-SA 4.0

CHAT with TELL | #Strategically planning the next wave – Part 1

Production, logistics, marketing and midstream – what do these have in common? Perhaps the research of a ‘#well’ oiled machine. Meet our strategy and research team – and hear their Market Commentary live!

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Host: Amit Marwaha
Guests: Adrian Reed, Renee Pirrong, Kevin Greene, Roger Ayton, Kirk Shepherd, Justin Rencurel
Production: Miracle Films
Art direction: Allison Clark

Program outline – Part 1

01:32:00
Introductions

03:26:00
How long can the flaring and excess supply of gas continue to outstrip midstream capacity? Will producers need to commit to building new infrastructure?

05:47:00
How to think about build out of crude, gas, NGL pipelines?

07:38:00
Where is the inflection point in basis within the Permian basin. When does the infrastructure begin building out?

08:41:00
When do you see the next wave of gas pipelines coming? How will that impact the LNG build out in the gulf coast?

12:41:20
How is the aging of wells and decline rates being factored into forward gas production estimates (particularly the Permian)?

18:00
What are implication for basis and gas price as Alpine High volumes ramp?

… to be continued.

Business Description

#Tellurian was founded by #CharifSouki and #MartinHouston and is led by #President and #CEO #MegGentle. 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, LNG trading, 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”.

Confidential notice

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.

CHAT with TELL | #Midstream Analyst – Spiro Dounis

Midstream Analyst, Spiro Dounis of #CreditSuisse chats with Tellurian on #equity trends within his coverage universe in a #CHATwithTELL

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Host: Amit Marwaha
Guest: Spiro Dounis
Production: Allison Clark

Program outline

00:06-07:21 – Overview

  1. History/background – sell-side, coverage universe
  2. Comparison between current coverage & previous sectors
  3. Brief overview of energy platform at CS

07:21-22:52 – Macro

  1. How does midstream sector compare vs. other energy sub sectors – risk/reward, capex, EBITDA growth, returns, valuation
  2. Key themes
  3. Digging into exports
  4. Comparing export levered equities to domestically focused company valuations
  5. M&A landscape

22:52-39:12 – Coverage

  1. Valuation methodology, ratings
  2. Leverage – a look back in time, implications, growth/distributions
  3. Transition from cash flow based valuation shifted towards EPS
  4. Return profile of export related projects
  5. How do various LNG export models compare
  6. Ranking LNG projects and probabilities of achieving FID
  7. Bull/bear debate amongst export theme stocks & LNG related names

Business Description

#Tellurian was founded by #CharifSouki and #MartinHouston and is led by #President and #CEO #MegGentle. 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, LNG trading, 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”.

Confidential notice

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.

Click to review Credit Suisse disclosures

Music | #cool by Vincent Augustus is licensed under a Attribution-ShareAlike License | CC BY-SA 4.0

CHAT with TELL | Financial #evolution – Part 1

SVP & CFO, Antoine Lafargue chats about our new hybrid financial model and the evolution of #financing in the LNG space during a #CHATwithTELL.

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Follow us on Twitter @TellurianLNG

Host: Amit Marwaha
Guest: Antoine Lafargue
Production: Miracle Films
Art direction: Allison Clark

Program outline

01:00:00
Customer is king

How the financial model has evolved from 100% equity to a hybrid model of debt and equity
• We are in an evolving industry
• Customers are relying increasingly on the spot market – less need for long-term contracts
• Finding out what is the right model for a low-cost commodity market
• Factors:
– Getting access to low-cost gas
– Low-cost liquefaction
– Cost of financing
• Customers back leveraging on their end
• Sovereign wealth funds / state owned enterprises
• Giving customers the choice on financing

01:07:33
Benefits of new model

• Convenience of syndicating to the larger group
• Offsets the incremental cost of servicing the debt
• We have put debt in the structure, but providing the LNG ‘at cost’ to customer

01:11:35
What do the economics look like

What do the economics look like when you have stressed that scenario with regards to the returns to the builder of the project and the customer. It becomes very difficult when you have to pay debt holders, preferred holders and equity holders – what does that look like?
• We are proposing a different model
• A few key variables:
– How much is the cost of the project
– Assets
– Debt & equity

01:16:03
Banks finance two things…

Key criteria used by banks to evaluate credit capacity
• More innovation needed in industry
• Banks finance two things:
– Assets
– Cash flow
• Can we have more equity financed by the customers themselves

… be continued.

Business Description

#Tellurian was founded by #CharifSouki and #MartinHouston and is led by #President and #CEO #MegGentle. 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, LNG trading, 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”.

Confidential notice

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.

CHAT with TELL | #Government & regulatory update

Pat Outtrim, SVP of #Government Relations & Regulatory Affairs brings clarity to our Driftwood LNG project expectations in a #CHATwithTELL.

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Follow us on Twitter @TellurianLNG

Host: Amit Marwaha
Guest: Pat Outtrim
Production: Miracle Films
Art direction: Allison Clark

Program outline

00:00:00
How the regulatory environment looks – expectations
• Air permits
• Coastal zone permits
• FEIS

04:01:00
Milestones for 2019
• Department of Energy license
• Core of engineers
• Implementation plan on first construction and demo
• FERC order

05:11:00
Clarity on misconception and potential bottlenecks
• FERC now has full functioning capability
• PHMSA & FERC MOU to streamline process

07:02:00
Potential shortage of labor?
• Bechtel contractor fair to hire local and maintain labor pool – this brings labor benefits for Tellurian
• Working with community colleges on core curriculum

12:43:00
Comments on FERC application: positive & negative
• Noise
• Documented baselines
• Visual impacts of site

Business Description

#Tellurian was founded by #CharifSouki and #MartinHouston and is led by #President and #CEO #MegGentle. 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, LNG trading, 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”.

Confidential notice

This video may 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 include forward-looking statements regarding, among other things, permitting and other regulatory and operational developments, costs, 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, risks relating to the current federal government shutdown and other risks described in the Company’s filings with the SEC, which are available on the Company’s website (Tellurianinc.com) 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.

CHAT with TELL | Upstream #values technology

Charif Souki, Chairman, explains the value of upstream and the importance of technology to ensure low-cost #LNG in #CHATwithTELL.

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Follow us on Twitter @TellurianLNG

Host: Amit Marwaha
Guest: Charif Souki
Production: Miracle Films
Art direction: Allison Clark

Business Description

#Tellurian was founded by #CharifSouki and #MartinHouston and is led by #President and #CEO #MegGentle. 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, LNG trading, 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”.

Confidential notice

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.