Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Tellurian Inc    TELL

TELLURIAN INC

(TELL)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Tellurian : scores first LNG customer for $15B export terminal

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/07/2018 | 05:33am EST

Houston-based Tellurian Inc. has struck its first big deal to sell liquefied natural gas from a proposed $15.2 billion export terminal in Louisiana.

Tellurian said Thursday its subsidiary has entered a memorandum of understanding with Vitol Inc. to supply 1.5 million tons per year of liquefied gas from its proposed Driftwood LNG export terminal south of Lake Charles, Louisiana.

A spokeswoman said the two companies have agreed in principle on the 15-year contract in l but are still ironing out the details of the deal.

PREVIOUSLY Charif Souki takes Tellurian LNG company public - HoustonChronicle.com

"Tellurian is proud to work with Vitol, who has long been known for its innovation and creativity in the energy commodity markets, to lead LNG market transformation with a long-term LNG sale at the market index," said Tellurian CEO Meg Gentle in a statement.

In addition to buying liquefied natural gas through a contract, Vitol also is considering becoming an equity partner in the Tellurian sister company, called Driftwood Holdings.

Under the umbrella of Driftwood Holdings, Tellurian and its equity partners are developing the 27.6-million ton terminal as part of an integrated network of upstream and pipeline operations.

MEGA PIPELINE NETWORK: LNG firm Tellurian proposes $7 billion in pipelines

A company spokesperson said Tellurian is an active talks with 35 other parties to become equity partners in the holding company.

If all goes according to plan, Tellurian would complete its permitting and begin construction of the export terminal in the first half of 2019. The terminal would begin operating by 2023. It`s one of several LNG export projects popping up along the Gulf Coast as companies look to take advantage of cheap supplies of natural gas.

(c) 2018 ITP Business Publishing Ltd. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TELLURIAN INC
02/16TELLURIAN : New big backer for Tellurian`s $15B LNG project
AQ
02/14TELLURIAN : and Petronet Sign MOU for Equity Investment in Driftwood
BU
01/21TELLURIAN : Driftwood LNG Receives FEIS from FERC
AQ
01/18TELLURIAN : Driftwood LNG Receives FEIS from FERC
BU
01/07TELLURIAN INC. /DE/ : Regulation FD Disclosure, Financial Statements and Exhibit..
AQ
2018Rising LNG demand to exert more pull on U.S. natgas prices
RE
2018TELLURIAN : and Vitol Sign MOU for 15-year LNG sale on JKM
AQ
2018TELLURIAN : scores first LNG customer for $15B export terminal
AQ
2018TELLURIAN INC. /DE/ : Change in Directors or Principal Officers, Amendment or Wa..
AQ
2018TELLURIAN : and Vitol Sign MOU for 15-year LNG sale on JKM
BU
More news
Financials ($)
Sales 2018 10,7 M
EBIT 2018 -128 M
Net income 2018 -128 M
Finance 2018 132 M
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019
EV / Sales 2018 212x
EV / Sales 2019 57,8x
Capitalization 2 400 M
Chart TELLURIAN INC
Duration : Period :
Tellurian Inc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TELLURIAN INC
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 11,7 $
Spread / Average Target 17%
EPS Revisions
Managers
NameTitle
Meg A. Gentle President, Chief Executive Officer & Director
Charif Souki Chairman
R. Keith Teague Chief Operating Officer & Executive Vice President
Antoine J. Lafargue Chief Financial Officer & Senior Vice President
Martin Joseph Houston Vice Chairman
Sector and Competitors
1st jan.Capitalization (M$)
TELLURIAN INC48.35%2 400
CONOCOPHILLIPS12.56%80 000
CNOOC LTD13.16%78 773
EOG RESOURCES14.95%57 822
OCCIDENTAL PETROLEUM CORPORATION9.47%51 062
CANADIAN NATURAL RESOURCES LTD11.93%33 821