Tellurian’s Driftwood Natural Gas Transmission Pipeline Project Receives FERC Certificate
April 24 2023 - 10:28AM
Business Wire
Baker Hughes zero-emissions electric-powered
compressor technology proposed for cleaner energy delivery
Tellurian Inc. (Tellurian) (NYSE American: TELL) announced that
the U.S. Federal Energy Regulatory Commission (FERC) issued the
certificate on April 21, 2023 granting authorization for Driftwood
Pipeline, LLC’s Line 200 and Line 300, an approximate $1.4 billion
natural gas transmission project proposed to be located in
Beauregard and Calcasieu Parishes, Louisiana. The pipelines will
have the ability to supply up to five and one-half billion cubic
feet of natural gas daily with virtually no emissions due to the
implementation of electric-powered Integrated Compressor Line (ICL)
technology from Baker Hughes.
Tellurian President and CEO Octávio Simões said, “Tellurian
thanks the FERC for their thorough and collaborative review of our
Driftwood Pipeline Project and we look forward to delivering
natural gas in a cleaner and highly reliable way to Southwest
Louisiana.”
About Tellurian Inc.
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 marketing and 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 NYSE American under the symbol
“TELL”.
For more information, please visit www.tellurianinc.com. Follow
us on Twitter at twitter.com/TellurianLNG
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,” “proposed,” “should,” “will,” “would,” and similar
expressions are intended to identify forward- looking statements.
Forward-looking statements herein relate to, among other things,
the capacity, cost, emissions and other aspects of the transmission
project. These statements involve a number of known and unknown
risks, which may cause actual results to differ materially from
expectations expressed or implied in the forward-looking
statements. These risks include the matters discussed in Item 1A of
Part I of the Annual Report on Form 10-K of Tellurian for the
fiscal year ended December 31, 2022, filed by Tellurian with the
Securities and Exchange Commission (the SEC) on February 22, 2023,
and other Tellurian 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20230424005600/en/
Media: Joi Lecznar EVP Public and Government Affairs Phone
+1.832.962.4044 joi.lecznar@tellurianinc.com
Investors: Matt Phillips Vice President, Investor Relations
Phone +1.832.320.9331 matthew.phillips@tellurianinc.com
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