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  • Tellurian reports advanced engineering agreement with Bechtel
    édité le 09/11/2017 - Plus de news de "Tellurian" - Voir la fiche entreprise de "Tellurian"


Tellurian reports advanced engineering agreement with Bechtel
Tellurian Inc. continued to build its global natural gas business during the third quarter of 2017. Notably Tellurian:

- Engaged Bechtel Oil, Gas and Chemicals, Inc. ("Bechtel") to conduct additional engineering for the Driftwood LNG facility, intended to advance engineering to approximately 20% by 2018.

- Agreed to purchase natural gas producing assets and undeveloped acreage in northern Louisiana from Rockcliff Energy Operating LLC ("Rockcliff"), including approximately 4 million cubic feet per day of natural gas production, approximately 1.3 Tcf of gas resource, and approximately 138 drilling locations, which are able to be produced and delivered to market for an estimated $2.25 per mmBtu, providing Tellurian access to low-cost supply.

- Arranged a six-month charter contract with Maran Gas Maritime Inc. for a liquefied natural gas (LNG) vessel, allowing for participation in the LNG marketplace.

Tellurian reported a net loss of approximately $22.9 million, or $0.12 per share (basic and diluted), for the three months ended September 30, 2017.

President and CEO Meg Gentle said, "Tellurian will have access to gas supply for a low cost of approximately $2.25 per mmBtu and the capability to deliver LNG to the global market. We are putting in place the pieces of an integrated, global gas business, and welcome customers to become our partners in the ~27.6 mtpa Driftwood Project. We look forward to executing the EPC agreement with Bechtel and confirming our regulatory schedule with the FERC."

About Tellurian Inc.

Tellurian (NASDAQ: TELL) 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 lowcost, global natural gas business, profitability delivering natural gas to customers worldwide. Tellurian is developing a portfolio of natural gas production, LNG trading, and infrastructure that includes a ~ 27.6 mtpa LNG export facility and an associated pipelin.
Tellurian is based in Houston, Texas, and its common stock is listed on the Nasdaq Capital Market under the symbol "TELL".

About Bechtel

Bechtel is one of the most respected global engineering, construction, and project management companies. Together with our customers, we deliver landmark projects that foster long-term progress and economic growth. Since 1898, we’ve completed more than 25,000 extraordinary projects across 160 countries on all seven continents. We operate through four global businesses: Infrastructure; Nuclear, Security & Environmental; Oil, Gas & Chemicals; and Mining & Metals. Our company and our culture are built on more than a century of leadership and a relentless adherence to our values, the core of which are safety, quality, ethics, and integrity. These values are what we believe, what we expect, what we deliver, and what we live.


Origine : Communiqué Tellurian

Voir la fiche entreprise de "Tellurian"





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