Tellurian Inc. continued to build its global natural gas business during Q2 of 2018.
- Generated approximately US$115.2 million in proceeds from a public offering of common stock.
- Received a Coastal Use Permit from the Louisiana Department of Natural Resources and Air Permits from the Louisiana Department of Environmental Quality for the Driftwood Project.
- Closed two open seasons on proposed pipelines – the Permian Global Access Pipeline and the Haynesville Global Access Pipeline – receiving non-binding indications of interest for both projects in excess of available capacity.
- Advanced the sale of LNG and Driftwood Holdings’ partnership interests, with approximately 25 customer/partners conducting due diligence.
President and CEO Meg Gentle said, “All the pieces of the integrated project are coming together as planned, and we remain on schedule to announce our partners in the third or fourth quarter, begin construction of Driftwood LNG in first half 2019, and deliver LNG to the global market in 2023.”
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/09082018/tellurian-reports-q2-2018-results/