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Released May 23, 2019 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Tellurian Incorporated (NASDAQ:TELL) (Houston, Texas) is preparing to take on an aggressive role in the development of U.S.-based liquefied natural gas (LNG), which the company expects to drive the nation's export growth in the coming years. So far this year, Tellurian has picked up necessary approval and signed customers and partners for its high-profile LNG terminal and pipeline projects. Industrial Info is tracking nearly $19 billion in active projects involving Tellurian, including $3.55 billion worth of pipeline projects.
Click on the image at right for a map indicating active Tellurian projects in Texas and Louisiana.
Tellurian's most widely anticipated project took a major step forward last month when the U.S. Federal Energy Regulatory Commission (FERC) authorized its Driftwood LNG project in Louisiana. Tellurian also received export authorization to non-free trade (non-FTA) agreement countries from the U.S. Department of Energy's Office of Fossil Energy, and a permit authorizing activities within U.S. waters from the U.S. Army Corps of Engineers.
Industrial Info is keeping tabs on the numerous projects part and parcel to Driftwood, including the estimated $3 billion liquefaction export facility near Lake Charles, Louisiana, that includes the 96-mile, estimated $2.2 billion Driftwood Pipeline that would deliver an average of 4 billion cubic feet per day of natural gas to the facility. For more information, see Industrial Info's project reports on the export facility and Phase I, Phase II and Phase III of the pipeline.
Last month, Total S.A. (NYSE:TOT) (Paris, France) upped its stake in Tellurian to about 25% when it agreed to invest more than $700 million in the company. The deal includes a $500 million equity investment in Driftwood and the right to purchase 1 million metric tons per annum of LNG.
"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," said Meg Gentle, the chief executive officer of Tellurian. "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." For more on Bechtel's role, see April 22, 2019, article - Bechtel's $84 Billion in North American Projects Fired by Global Natural Gas, LNG Demand.
Tellurian also announced binding open seasons for three major pipeline systems, each designed to provide much-needed takeaway capacity in some of the most productive U.S. areas for oil and natural gas production. These include the Permian Global Access Pipeline, which will feed Driftwood LNG with natural gas sourced in the Permian Basin in western Texas and eastern New Mexico, which is so crowded with producers that it has seen a massive glut in product. It would originate at the Waha Hub in Pecos County, Texas, and carry up to 2 billion cubic feet per day of natural gas.
The 625-mile project includes an estimated $585 million Texas segment, which runs 313 miles, and an estimated $425 million Louisiana segment, which runs about 300 miles. Industrial Info also is tracking six planned compressor stations. All of these facets of the Permian Global Access Pipeline are to begin construction roughly one year from now. The open season, which began on April 8, ends tomorrow. For more information, see Industrial Info's project reports on the Texas and Louisiana segments.
Tellurian's Haynesville Global Access Pipeline would provide Driftwood LNG with up to 2 billion cubic feet per day of natural gas from the Haynesville and Bossier shale plays in eastern Texas and western Louisiana. The 200-mile project includes a 110-mile, estimated $450 million Texas segment, originating in Columbia County and running to the border. The open season, which began on April 29, is expected to end June 21. For more information, see Industrial Info's project report.
The open season for Tellurian's Delhi Connector Pipeline is following the same schedule as the Haynesville system, and includes a $950 million segment in Louisiana that runs 180 miles from Richland Parish to Lake Charles, carrying up to 2 billion cubic feet per day. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
Click on the image at right for a map indicating active Tellurian projects in Texas and Louisiana.Tellurian's most widely anticipated project took a major step forward last month when the U.S. Federal Energy Regulatory Commission (FERC) authorized its Driftwood LNG project in Louisiana. Tellurian also received export authorization to non-free trade (non-FTA) agreement countries from the U.S. Department of Energy's Office of Fossil Energy, and a permit authorizing activities within U.S. waters from the U.S. Army Corps of Engineers.
Industrial Info is keeping tabs on the numerous projects part and parcel to Driftwood, including the estimated $3 billion liquefaction export facility near Lake Charles, Louisiana, that includes the 96-mile, estimated $2.2 billion Driftwood Pipeline that would deliver an average of 4 billion cubic feet per day of natural gas to the facility. For more information, see Industrial Info's project reports on the export facility and Phase I, Phase II and Phase III of the pipeline.
Last month, Total S.A. (NYSE:TOT) (Paris, France) upped its stake in Tellurian to about 25% when it agreed to invest more than $700 million in the company. The deal includes a $500 million equity investment in Driftwood and the right to purchase 1 million metric tons per annum of LNG.
"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," said Meg Gentle, the chief executive officer of Tellurian. "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." For more on Bechtel's role, see April 22, 2019, article - Bechtel's $84 Billion in North American Projects Fired by Global Natural Gas, LNG Demand.
Tellurian also announced binding open seasons for three major pipeline systems, each designed to provide much-needed takeaway capacity in some of the most productive U.S. areas for oil and natural gas production. These include the Permian Global Access Pipeline, which will feed Driftwood LNG with natural gas sourced in the Permian Basin in western Texas and eastern New Mexico, which is so crowded with producers that it has seen a massive glut in product. It would originate at the Waha Hub in Pecos County, Texas, and carry up to 2 billion cubic feet per day of natural gas.
The 625-mile project includes an estimated $585 million Texas segment, which runs 313 miles, and an estimated $425 million Louisiana segment, which runs about 300 miles. Industrial Info also is tracking six planned compressor stations. All of these facets of the Permian Global Access Pipeline are to begin construction roughly one year from now. The open season, which began on April 8, ends tomorrow. For more information, see Industrial Info's project reports on the Texas and Louisiana segments.
Tellurian's Haynesville Global Access Pipeline would provide Driftwood LNG with up to 2 billion cubic feet per day of natural gas from the Haynesville and Bossier shale plays in eastern Texas and western Louisiana. The 200-mile project includes a 110-mile, estimated $450 million Texas segment, originating in Columbia County and running to the border. The open season, which began on April 29, is expected to end June 21. For more information, see Industrial Info's project report.
The open season for Tellurian's Delhi Connector Pipeline is following the same schedule as the Haynesville system, and includes a $950 million segment in Louisiana that runs 180 miles from Richland Parish to Lake Charles, carrying up to 2 billion cubic feet per day. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
