Tellurian Inc. and Total S.A. announced today that the two companies have signed a Heads of Agreement for Total to make a $500 million equity investment in the integrated Driftwood project and to purchase one million tonnes per annum of liquefied natural gas from Driftwood. In addition, the HOA specifies that Tellurian and Total will enter into a sales and purchase agreement for a further 1.5 mtpa of LNG from Tellurian [...]
Tellurian Inc. announced today that Octávio M.C. Simões has joined the company as Senior Advisor to the CEO. Mr. Simões recently retired from his role as President and CEO of Sempra LNG & Midstream, LLC . President and CEO Meg Gentle said, “Octávio brings 38 years of impressive energy industry experience to Tellurian’s remarkable infrastructure team. At Sempra, he led the [...]
Tellurian Inc. concluded its second year as a public company, building a global natural gas business with the following notable achievements: Attained regulatory milestones for the Driftwood project Received a Coastal Use Permit from the Louisiana Department of Natural Resources and Air Permits from the Louisiana Department of Environmental Quality. Received the final Environmental Impact Statement from the United States [...]
Tellurian Inc. announced today that it has signed a Memorandum of Understanding with Petronet LNG Limited INDIA wherein PLL is exploring the possibility of investment in the Driftwood project, which includes a proposed liquefied natural gas terminal, along with natural gas production, gathering, processing and transportation facilities. President and CEO Meg Gentle said, “Petronet is India’s largest LNG [...]
Tellurian Inc. announced today that the U.S. Federal Energy Regulatory Commission issued the final Environmental Impact Statement for Driftwood LNG, an approximately 27.6 million tonne per annum liquefied natural gas export facility and an associated 96-mile pipeline , proposed near Lake Charles, Louisiana, on the U.S. Gulf Coast. President and CEO Meg Gentle said, “Tellurian thanks the FERC for a thorough review [...]
Tellurian Inc. announced today that its subsidiary, Tellurian Trading UK Ltd. , has entered into a Memorandum of Understanding with Vitol Inc. to supply 1.5 million tonnes per annum of liquefied natural gas from Tellurian Trading’s LNG offtake capacity at the proposed Driftwood LNG export terminal. The transaction price is based on the Platts Japan Korea Marker and is for a minimum term of 15 years. Under the MOU [...]
Tellurian Inc. continued to build its global natural gas business during the third quarter of 2018. Notable Tellurian achievements: Received its draft environmental impact statement on September 14, 2018, from the United States Federal Energy Regulatory Commission for the Driftwood LNG terminal facility and the associated Driftwood pipeline . Secured financing for certain drilling and development activities in the form of [...]
Tellurian Inc. received its draft environmental impact statement today from the United States Federal Energy Regulatory Commission for the Driftwood LNG terminal facility and the associated Driftwood pipeline . The draft EIS has been prepared in compliance with the requirements of the National Environmental Policy Act , the Council on Environmental Quality regulations for implementing NEPA, and FERC regulations. The draft [...]
Tellurian Inc. continued to build its global natural gas business during the second quarter of 2018. Notable Tellurian achievements: Generated approximately $115.2 million in proceeds from a public offering of common stock. Received a Coastal Use Permit from the Louisiana Department of Natural Resources and Air Permits from the Louisiana Department of Environmental Quality for the Driftwood Project. Closed two open [...]
Tellurian Inc. today announced that it has closed its previously announced public offering of 12,000,000 shares of common stock. Net proceeds from the offering, after deducting estimated fees and expenses, were approximately $115.1 million. Credit Suisse Securities LLC acted as sole book-running manager for the offering, and Stifel, Cowen and Company, LLC, Seaport Global Securities LLC and Tuohy Brothers Investment [...]
Tellurian Inc. today announced that it has priced a public offering of 12,000,000 shares of its common stock for total gross proceeds to Tellurian of $118.8 million. The Company has granted the underwriters a 30-day option to purchase up to 1,800,000 additional shares of common stock of the Company to cover over-allotments, if any. The Company intends to use the net proceeds from this offering for general corporate [...]
Tellurian Inc. today announced that it intends to offer for sale 12,000,000 shares of its common stock in an underwritten public offering. The Company expects to grant the underwriter a 30-day option to purchase up to 1,800,000 additional shares of common stock of the Company to cover over-allotments, if any. Credit Suisse Securities LLC is acting as sole book-running manager for the offering. The offering is being made [...]
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