President and CEO Meg Gentle said, “Tellurian is now permitted to construct, operate, and export LNG from the Driftwood project and has a fully articulated engineering, procurement and construction (EPC) plan in place with guaranteed schedule, performance and cost from #Bechtel. Our primary focus for the next quarter is finalizing the Driftwood partnership financing. Total has committed as the first partner of Driftwood and we expect to execute final agreements with them by mid-June. We remain on schedule to produce LNG in 2023 and generate $8.00 of cash flow per share after ramp up.”

Read the Press Release
Watch on YouTube
Follow us on Twitter @TellurianLNG

Host: Amit Marwaha
Guest: Meg Gentle
Production: 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, a potential equity investment by Total in the Driftwood project and Tellurian, a potential purchase by Total of LNG from the Driftwood terminal, the parties’ ability to enter into definitive agreements on terms contemplated by the HOA and to close the related transactions, the parties’ ability to close the transactions contemplated by the stock purchase agreement with Total, and projected annual cash flow per share. 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. Tellurian’s projected annual cash flow per share of over $8.00 is based on the 5-plant case and assumes, among other things, a U.S. Gulf Coast netback price of $8.00/mmBtu, a $4.50/mmBtu cost of LNG, and $3.50/mmBtu margins. The projected cash flow assumes the completion of certain acquisition, financing and other transactions, which may not be completed on the assumed terms 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

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!

Watch on YouTube
Follow us on Twitter @TellurianLNG

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.

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

Watch on YouTube
Follow us on Twitter @TellurianLNG

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

Program outline

00:06
Assets vs cashflow

a. Lot of variability in the LSTK price, flux in EPC quotes – how our EPC LSTK with Bechtel impacts the credit risks and finance of the project
b. Balance sheet and track record gives comfort to the banks that project will be delivered on the agreed budget

02:35
Risks and opportunities

a. General rule of thumb on credit risk or spread or basis points or equity given the variability of contract
b. Reaching the end of the ‘first wave’ construction
c. Volatility
d. Sourcing low-cost gas
e. Right contractor
f. Financing

07:12
Debt market

a. Debt rate $10-20 Billion over time
b. How big is the bank syndication process is
c. Can it handle this amount of paper hitting the market
d. Largest deal in U.S.

10:39
Top themes from a financial perspective

a. End user – concerned about reliability and cost
b. Aggregators – concerned about cost in general
c. Get a lot of credit with EPC contract with Bechtel fully wrapped
d. Sometimes surprised by the upstream contribution
e. Experience with the team
f. Education
g. Fully aligned with customers

15:15
Greatest divergence between public investors and customers in terms of risk and focus

a. Customers – very focused on our Bechtel contract and the site with thorough due diligence
b. Investors – not spending as much time on Bechtel EPC contract
• U.S. equity investors consensus on gas prices possibly being lower for longer
• International – we don’t know what will happen in the future, we have a good view of 5 years but unsure about longer. Quicker to understand the integrated structure

17:45
Surprise pricing mechanism with JKM

Announced an MOU with a customer, it was a bit of a surprise for some people in regards to the pricing mechanism being JKM. Do you see this as a trend, shifting away from Henry Hub + % mark-up.
a. More innovation on the financing side
b. Evolution of the LNG market is a mirror of the oil industry over the past 4-5 decades
c. Customers don’t want long-term contracts – don’t have an alternative solution to a long-term solution
d. Becoming more of a commodity
e. In a period of transition

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. The contract priced in our EPC contracts with Bechtel are subject to adjustment by change orders, including for consideration of cost escalation associated with issuance of a Notice to Proceed after December 31, 2017.

An off the cuff interview with Charif Souki on the industry’s future and Tellurian’s business model in #CHATwithTELL.

Watch on YouTube
Follow us on Twitter @TellurianLNG

Program outline

0:55-2:30 – Key takeaways from investor meetings

2:30-6:45 – Main factors that will drive development of Driftwood project

  1. Fundamentals – demand pull from Asia, supply push from US
  2. EPC – development risks, timelines, costs
  3. Financials – cash flow profile of project

6:45-10:45 – Q&A – Fundamentals / Macro

  1. Outlook for LNG demand given recent correction in oil prices.
  2. Thoughts on recent LNG offtake deal in the US & implications for future Chinese demand.

10:45-18:15 – EPC

  1. Challenges facing EPC providers in pursuit of bidding & developing LNG projects.
  2. Difficulties meeting productivity and cost estimates.
  3. Realities developers face searching for the right EPC provider.
  4. Is it possible to replicate a successful EPC process twice?

18:15-36:50 – Commercial / Equity structure

  1. Potential bottlenecks in customers navigating through commercial agreement process.
  2. Factors that could extend the timeline of commercial agreement process.
  3. Comparing the value proposition of US LNG projects with global proposals with potential subsidies.
  4. Relationship between GE & Tellurian.
  5. How has customer interest in the commercial offering at Tellurian evolved over the past 6 months.
  6. Does the risk of lower crude prices serve as a material headwind for long-term LNG demand.
  7. Thoughts on capital allocation towards upstream.
  8. Reflections on other LNG projects, Total/Sempra.
  9. Thoughts on recent insider buying.

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

Martin Houston chats about European and Asian buyer benefits, opportunities, and optionality leading to the differences in the LNG algorithm.

#CHATwithTELL

Watch on YouTube
Follow us on Twitter @TellurianLNG

Host: Amit Marwaha
Guest: Martin Houston
Production: Miracle Films
Creative 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.

Meet Martin Houston, Vice Chairman of Tellurian who describes his global #LNG experiences that matter to the new wave of projects.

#CHATwithTELL

Watch on YouTube
Find us on Twitter @TellurianLNG

Host: Amit Marwaha
Guest: Martin Houston
Production: Miracle Films
Creative 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.

Mark Stubbe, SVP Strategy and Business Development, describes our commercial position on U.S. #LNG.

#CHATwithTELL

Watch on YouTube
Find us on Twitter @TellurianLNG

Host: Amit Marwaha
Guest: Mark Stubbe
Production: Miracle Films
Creative 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.