Tellurian Inc. announced today that its wholly owned subsidiary Driftwood LNG LLC has exercised its long-term lease option with the Lake Charles Harbor and Terminal District on the 477 acre site in Sulphur, Louisiana. The ground lease agreement has an initial term of 20 years with extension options of up to 50 years. Executive Vice President and Chief Operating Officer Keith Teague said, "Tellurian is taking necessary [...]
Tellurian Inc. announced today that its wholly owned subsidiary Driftwood Pipeline LLC has submitted a formal application with the Federal Energy Regulatory Commission to construct and operate Line 200 and 300, an approximately 37-mile, dual 42-inch diameter interstate pipeline that will originate near Ragley in Beauregard Parish, Louisiana and end near Carlyss in Calcasieu Parish, Louisiana. The new pipeline has been [...]
Tellurian Inc. announced today it has finalized a liquefied natural gas sales and purchase agreement with Vitol Inc. . The SPA is for three million tonnes per annum on a free on board basis at Driftwood LNG for a ten-year period, indexed to a combination of two indices: the Japan Korea Marker and the Dutch Title Transfer Facility , each netted back for transportation charges. At today's prices, the agreement is valued at [...]
Tellurian Inc. and Gunvor Singapore Pte Ltd announced today a liquefied natural gas sales and purchase agreement for three million tonnes per annum for a ten year period, indexed to a combination of two indices; the Japan Korea Marker and the Dutch Title Transfer Facility , netted back for transportation charges. The LNG would be delivered free on board from Tellurian's Driftwood LNG, a 27.6 mtpa liquefaction facility [...]
Tellurian Inc. announced today that Executive Chairman Charif Souki will participate in a Fireside Chat at the Citi 2021 Global Energy & Utilities Virtual Conference on May 12, 2021 at 12:50 p.m. Eastern time. The live webcast will be accessible via this direct link. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210510006048/en/ Tellurian Founder and Executive [...]
Tellurian Inc. continues to build its integrated global natural gas business, focusing on debt reduction during the first quarter of 2021. Subsequent to the quarter end, Tellurian made a voluntary $17 million debt repayment on April 23, 2021, and has now paid off all borrowing obligations. President and CEO Octávio Simões said, "Tellurian now has a much stronger balance sheet and global customers continue to be very [...]
Cushing® Asset Management, LP, and Swank Capital, LLC, announce an upcoming interim change to the constituents of The Cushing® 30 MLP Index . On February 16, 2021, Index constituents Enable Midstream Partners, LP and Energy Transfer LP announced that they had entered into an Agreement and Plan of Merger that, if approved by at least a majority of ENBL common unitholders, would result in ENBL common units ceasing to be [...]
Tellurian Inc. announced today that it has repaid its 2019 Term Loan in full after making a voluntary prepayment of approximately $38 million using cash on hand. As a result of this prepayment, Tellurian has reduced its outstanding debt balance to approximately $21 million. President and CEO Octávio Simões said, "Tellurian continues to deleverage the balance sheet and make progress on our commercial efforts. We are [...]
Cushing® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing® MLP Market Cap Index as part of normal index operations. After the markets close on March 19, 2021, the 30 constituents of the Index will be rebalanced, and the following changes will be effective on March 22, 2021: Constituents added: EnLink Midstream, LLC Tellurian Inc. Constituents removed: Noble Midstream [...]
Tellurian Inc. continued to build its integrated global natural gas business in 2020, focusing on expense and debt reduction. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210224005578/en/ Tellurian President and CEO Octávio Simões President and CEO Octávio Simões said, "Tellurian is in a strong financial position with substantial liquidity after taking on [...]
Tellurian Inc. today announced it has made a voluntary principal prepayment of $43 million on its 2018 Term Loan. The debt prepayment was funded using cash on hand and from its upstream subsidiary, Tellurian Production Holdings LLC, resulting in interest savings of approximately $2.4 million in 2021. Tellurian Inc. has also made $13.6 million in other debt repayments year to date to other creditors, for a total debt [...]
Tellurian Inc. today named Octávio Simões as President and Chief Executive Officer , and Jonathan Gross and Jean Abiteboul as new independent Board members, adding significant strength to an already experienced team. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201130005595/en/ Octávio Simões President and Chief Executive Officer Tellurian Inc. Mr. Simões [...]
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