Welcome to our dedicated page for Tellurian news (Ticker: TELL), a resource for investors and traders seeking the latest updates and insights on Tellurian stock.
Tellurian Inc. (TELL) is a U.S.-based independent oil and gas exploration and production company dedicated to revolutionizing the natural gas market. Headquartered in Houston, Texas, Tellurian Inc. is focused on creating a robust portfolio of natural gas production, LNG (Liquefied Natural Gas) marketing, and infrastructure assets that position it as a leader in the energy sector.
The company's flagship project, Driftwood LNG, aims to produce approximately 27.6 million tonnes per annum (mtpa) of LNG, making it a significant player in meeting global energy demands. Tellurian's operations are divided into three primary segments:
- Upstream: Responsible for the exploration and production of natural gas.
- Midstream: Focuses on the transportation and storage infrastructure necessary to support LNG production and distribution.
- Marketing & Trading: This segment handles the purchasing and selling of natural gas, oversees the marketing of Driftwood LNG’s production capacity, and manages the trading of LNG cargoes globally.
Under the leadership of industry veterans Charif Souki, Martin Houston, and Meg Gentle, Tellurian Inc. has made significant strides in developing new markets and fostering strategic partnerships. The company prioritizes sustainability and ethics, emphasizing honesty, integrity, accountability, and respect in all its operations. By listening to the needs of its global customers, investors, and employees, Tellurian aims to deliver clean, low-cost, flexible, and reliable energy solutions that contribute to improved air quality and environmental standards.
Tellurian's commitment to innovation and entrepreneurial culture ensures it remains at the forefront of global thought leadership in the energy industry. The company's approach not only creates value but also delivers significant benefits to its stakeholders by paving the way for a cleaner and more sustainable energy future.
Recent news highlights the company's ongoing developments and achievements in the LNG sector:
- Expansion of the Driftwood LNG project.
- New strategic partnerships with global energy firms.
- Successful trading of LNG cargoes in emerging markets.
- Environmental initiatives to reduce carbon footprint.
- Updates on financial performance and market outlook.
Tellurian Inc. announced on April 21, 2023, that the U.S. Federal Energy Regulatory Commission (FERC) granted a certificate for the Driftwood Pipeline Project, which includes Lines 200 and 300. This $1.4 billion natural gas transmission project in Louisiana can transport up to 5.5 billion cubic feet of natural gas daily, utilizing innovative electric-powered compressor technology from Baker Hughes to ensure low emissions. Tellurian's President and CEO, Octávio Simões, expressed gratitude to FERC for its collaborative review, highlighting the project’s aim to deliver cleaner energy reliably. Tellurian is focused on building a low-cost global natural gas business, with an extensive LNG export facility and pipeline development.
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