Tellurian announces intent to develop three pipelines as part of a Tellurian Pipeline Network
HOUSTON, TX -- (Marketwired) -- 12/18/17 -- Tellurian Inc. (Tellurian) (NASDAQ: TELL) announced today that it expects to develop the Tellurian Pipeline Network, which would include the previously announced Driftwood Pipeline (DWPL) and two additional pipelines that would expand supply alternatives for the growing natural gas demand in Southwest Louisiana. DWPL is anticipated to be in-service mid-2021 and the additional two pipelines are anticipated to be in-service by the end of 2022, subject to commercialization.
- The newly proposed Permian Global Access Pipeline (PGAP) would be an approximately 625-mile, 42-inch diameter pipeline transporting 2 billion cubic feet of natural gas per day (Bcf/d). PGAP would originate at the Waha Hub in Pecos County, Texas, and would connect to the Permian and associated shale plays located around Midland, Texas. PGAP would terminate near Gillis, Louisiana, with proposed deliveries to the Creole Trail Pipeline, Cameron Interstate Pipeline, Trunkline Gas Company, Texas Eastern, Transco, Tennessee Gas Pipeline, Florida Gas Transmission, and DWPL, among others.
- The newly proposed Haynesville Global Access Pipeline (HGAP) would be an approximately 200-mile, 42-inch diameter pipeline also transporting 2 Bcf/d with proposed deliveries to the same interstate pipelines near Gillis, Louisiana.
- The previously announced DWPL is a 96 mile, 48-inch diameter natural gas pipeline transporting 4 Bcf/d from near Gillis, Louisiana and terminating at Driftwood LNG. DWPL is currently under permitting with the Federal Energy Regulatory Commission.
President and CEO Meg Gentle said, "The Tellurian Pipeline Network would serve the approximately 8 Bcf/d of incremental natural gas demand expected by 2025 in Southwest Louisiana. When completed, PGAP and HGAP will deliver natural gas from multiple low cost production basins and debottleneck the existing pipeline infrastructure in Southwest Louisiana. We intend to begin soliciting third party shipper interest in the first half of 2018, and would seek to commercialize PGAP and HGAP by year end 2018. The proposed Tellurian Pipeline Network represents approximately $7 billion of investment in infrastructure and 15,000 jobs in Texas and Louisiana."
Gentle continued, "We welcome Joey Mahmoud to our leadership team as President of the pipeline network. He brings more than 27 years of pipeline and energy development experience to Tellurian. He was instrumental in executing over $30 billion of energy-related infrastructure as the Executive Vice President of Engineering and Construction at Energy Transfer and will strengthen our commitment to deliver projects on time and on budget."
About Tellurian Inc.
Tellurian was founded by Charif Souki and Martin Houston and is led by President and CEO Meg Gentle. 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".
For more information, please visit www.tellurianinc.com.
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CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS
This press release 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," "should," "will," "would," and similar expressions are intended to identify forward-looking statements. Forward-looking statements herein relate to, among other things, the construction, scale, location and nature of the proposed Tellurian Pipeline Network, in particular the proposed PGAP and HGAP pipelines. Plans for PGAP and HGAP are in the early stages of development and numerous aspects of the projects, such as detailed engineering and permitting, have not commenced. Accordingly, the nature, timing, scope and benefits of those projects may vary significantly from our current plans due to a wide variety of factors, including future changes to the proposals. Although the DWPL project is significantly more advanced in terms of engineering, permitting and other factors, its construction, budget and timing are also subject to significant risks and uncertainties. The risks and uncertainties to which the projects are subject include those discussed in Item 1A of Part II of the Quarterly Report on Form 10-Q for the quarter ended September 30, 2017 filed by Tellurian with the Securities and Exchange Commission (the "SEC") on November 9, 2017, and other filings with the SEC, all of which are incorporated by reference herein. The forward-looking statements in this press release speak as of the date of this release. 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.
SVP Public Affairs and Communication
Director, Investor Relations
Source: Tellurian Inc.
Released December 18, 2017