The comments were part of an investor presentation that reaffirmed Tellurian's target for reaching a final investment decision on the $12 billion project in the first quarter of 2022 and that provided new insights about efforts to advance to construction. some value. info@naturalgasintel.com Click here to request a trial. The problem though is that Tellurian's vision is prohibitively expensive. 3/1/2023. | Since I wrote Pipe Dream, Tellurian's share price has taken a tumble. I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. You have 3 free articles remaining. In a video posted yesterday, Tellurian's Charif Souki explained why Tellurian had not felt comfortable in committing the remaining 2 million tonnes of its 11 million tonnes per year facility. Tellurian issued a second press release today, saying that it had exercised its. Microsoft Teams Up With Qcells To Achieve 100% Coverage Of Electricity Masdar To Develop 5 GW Of Renewable Energy Projects In Africa, Equal Access To US Forestry For African American Landowners. Market Realist is a registered trademark. Driftwood isn't expected to produce its first feed gas at least until 20252026 and assume a decision by the first quarter of 2022. Please. I provide a hand-holding service. Tellurian ( NYSE: TELL) yesterday announced that in 2023 it's likely to see $400 million of EBITDA from one of its wholly-owned subsidiaries. WARNING: Any stocks that you feel like buying after discussions with me are your responsibility. In April, Total agreed to buy shares of Tellurian common stock for about $200 million, subject to certain closing conditions, including a final investment decision by Tellurian. On Nov. 29, the company and former President and CEO Meg. Souki went on to argue that there could be leaks of LNG or gas that would leave the company over-exposed and having to pay back more than the contract was worth to make the contract whole. 1.800.427.5747 ISSN 2158-8023 One of the major catalysts for the stock will be the final investment decision for Driftwood, which has been pushed back by the company from 2021 to 2022. Some call it the Internet of Money and predict it could change the way money works forever. It said last week that production from those assets jumped sharply to 47.3 Bcf in 2022. To read this article on Zacks.com click here. jamison.cocklin@naturalgasintel.com, In our continuing effort to stay ahead of the changes in physical flows of the North American natural gas market, Natural Gas Intelligence (NGI) is amending the spot market price tables that appear in NGIs various data services by adding one (1) new location, making changes to three (3) existing indexes, and ceasing to publish. A wealth of resources for individual investors is available at www.zacks.com. Tellurian Inc., which continues to work toward a final investment decision on its Driftwood liquefied natural gas (LNG) terminal proposed for Louisiana, plans to acquire additional assets in the Haynesville Shale this year. This I already discussed in my previous bullish article. Gas producer . FIND OUT MORE Downstream capabilities View our downstream services Insights Indeed, what can go wrong? Smith believes the market has finally reached an inflection point that would allow Freeport to reach a final investment decision (FID) on the fourth train in early 2023. . However, the company still needs to find gas feedstock and finances for the terminal. I do all the work of picking the most attractive stocks. I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. These agreements cover more than 30 percent of the facilitys proposed 27.6 mtpa capacity. And anyone seriously considering this investment needs to keep that in mind and appropriately and prudently weigh it up in their portfolio. View Subscription Options So the core business is priced at 4x EBITDA. We are all working together to compound returns. "This activity has pushed a host of pre-final-investment-decision U.S. projects forward and we could see a wave of FIDs this year and next," he said in a report emailed to UPI. People may receive compensation for some links to products and services on this website. Washington DC | New York | Houston | Pittsburgh | Mexico City Calgary | Chile. |, Related topics: Tellurian sold off 40% in the past month. Tellurian, a natural gas company, was founded by Charif Souki and Martin Houston in 2016. Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Liquefied Natural Gas He thinks that the company should benefit from the expected growth and rapid evolution of the global liquified natural gas market. Currently the company is on pace to produce 90mmBtu of natural gas up. Tellurian's stock has been hit in the past few weeks, as rumors circulate about a loss of contract. Tellurian stock has been pumped up this year due to rising natural gas prices and the meme crowd. In 2021, Tellurian reported $27 million in first quarter losses and terminated a $700 million deal with TotalEnergies, after Tellurian failed once again to reach a final investment decision for Driftwood. 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ISSN 1532-1231 The agreements were subject to the relevant regulatory approvals and Tellurian had to make a final investment decision for the project by Jul 10, 2021. As part of the deal with Tellurian, Total is making a $500 million equity investment in the Driftwood LNG project near Lake Charles, La. Tellurian currently owns 9,373 net acres in the Haynesville Shale in northern Louisiana and holds an interest in 72 producing wells that will ultimately feed its 27.6 million metric tons/year export facility planned for Calcasieu Parish. If you have an ad-blocker enabled you may be blocked from proceeding. View Subscription Options ConocoPhillips (COP): Free Stock Analysis Report, Hess Corporation (HES): Free Stock Analysis Report, Magellan Petroleum Corporation (TELL): Free Stock Analysis Report, TotalEnergies SE Sponsored ADR (TTE): Free Stock Analysis Report. Tellurian is actively pursuing additional upstream acreage. The concept is largely unproven in the U.S. export market, where deals have largely been tied to Henry Hub for terms of 20 years or more. Since then, natural gas prices have been on a wild ride. Driftwood Lng Even if there's undoubtedly a lot of appetite to service the LNG market in Europe and Asia, translating this appetite into funding for Tellurian is the difference between night and day. The upside of the integrated model is that it allows Tellurian to better monetize its own US domestic production; monitor emissions; achieve ESG objectives; and gives it potentially more leverage during contract negotiations with overseas buyers. In this case, it will need to dilute shareholders by around 6.2x. This is not a significant dilution and amounts to less than 4%. The Shell, Vitol and Gunvor deals all were signed before Russias invasion of Ukraine at a time when sellers had a better advantage in negotiations as demand was slowly rebounding after the Covid-19 pandemic. The industry leader for online information for tax, accounting and finance professionals. Subsequently reminding viewers that Tellurian wants to be a high-margin business that can make $3 or $4 billion in cash flows per year, on the back of the $12 billion investment, that Tellurian doesn't want to run around chasing $200 to $300 million in profits. Offers may be subject to change without notice. Each deal is worth about $12 billion in revenue over the contract period. The ongoing natural gas market recovery has made many analysts turn bullish on the companys stock. Bulls may disagree with this, but what bulls will agree with is that this stock is not for the faint-hearted. | Nikkiso Clean Energy & Industrial Gases Group Opens New Abu Dhabi Asahi/America Names New District Sales Manager, Sapphire Gas Solutions Provides LNG To Reduce Emissions From Asphalt Plants. Those assets produced 16.9 Bcf of natural gas last year, up from 13.9 Bcf in 2019. And the debt markets would not even consider $1 billion. Zacks Equity Research for This is not a hindsight remark. Great chart showing how coal prices should increase with LNG prices.$LNG $TELL $TGA $BTU $AR $CRK https://t.co/SazUOygfKk. |, Related topics: Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Type a symbol or company name. Indeed, domestic natural gas prices fell by nearly 20% to $6 MMBtu. JKM Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. LNG Therefore, it has been the companys historically preferred method of funding and is expected to remain so. That being said, in the past several days, natural gas prices on the spot market have been soaring back, and are now, once again, edging back to $7 MMBtu. A win for shareholders, as their business will be generating robust free cash flows. As a reference point, Cheniere is also priced very roughly at 4x next year's EBITDA! Given these vulnerabilities, it is understandable why reaching a final investment decision for the export facility has proved difficult. Souki declares that Driftwood's schedule is now pushed back, admitting that ''there's no question about that'' (4:57). Tellurian Inc . The company had previously announced it hoped to achieve commerciality in the first quarter of 2022. Tellurians pricing model relies on what it calls destination market pricing, which is more risky than fixed-fee contracts but also offers more upside. Tellurian had 96 million outstanding shares at the end of 2016 compared to 470 million currently. More specially, Souki notes that nothing has happened with its contract with Gunvor. Detailed information on the use of cookies on this Site, and how you can decline them, is provided in our cookie policy. Dow and X-energy to build U.S. Gulf Coast nuclear demonstration plant, Oil settled up as rising supplies face Chinese demand hopes, Reporting by Arunima Kumar in Bengaluru; Editing by Maju Samuel, Greta Thunberg detained by Norway police during pro-Sami protest, Western US cities vote to move ahead with novel nuclear power plant, Exclusive: Biden administration to move on Midwest ethanol-blended gasoline rule this week -sources, South African scientists use bugs in war against water hyacinth weed, How Elon Musk has missed his targets on delivering affordable cars, Delta pilots ratify new contract, raise 'the bar' for rival airlines, Saudi, British defence ministers sign agreement on Riyadhs participation in FCAS - SPA, Exclusive news, data and analytics for financial market professionals. I follow countless companies and select for you the most attractive investments. Its stock has gained 80.3% compared with the industrys 10.8% growth. I wrote this article myself, and it expresses my own opinions. The essence of the video states that Tellurian wants profits. No gimmicks. Finally, even if Driftwood was to be built at some point in the future, investors' prospects will be capped, as Tellurian's equity would need to be diluted approximately 7x. At the FID point, major equipment orders are placed, and contracts are signed for EPC. Thats an increase from 14.3 Bcf in 2021 when the company held 11,060 net acres. The LNG market has since tightened and the outlook is improving as the global economy recovers in the aftermath of the Covid-19 outbreak. The company also reiterated that it is targeting a final investment decision for its LNG export facility in Texas before the end of the first quarter of 2023. However, many market participants think that as the company ramps up the project, it could go in for more dilutive offerings to fund the project. Not at less than $2 per share. Get them exclusively at Deep Value Returns. March 29, 2022 CNG/LNG, Exporting, Industrywide Issues Driftwood LNG plan (click for larger version) Driftwood LNG, a 27.6 million tonnes of LNG per year facility that will cost on the order of $16.8 billion to build, has not made an official final investment decision (FID) to proceed with building the FERC-approved project. In August, TELL did a secondary share offering worth $35 million. ISSN 2577-9877 I follow countless companies and select for you the most attractive investments. Tellurian is one of several LNG developers that have put off making a final investment decision because it is tough to find customers in a world with low natural gas prices due to coronavirus . Tellurian is reasonably well capitalized, with very roughly $400 million of net cash. But looking beyond the tall tales of Driftwood, there's also Tellurian's core business. This means that investors simply aren't buying into Souki's vision. NGI All News Access. The industry leader for online information for tax, accounting and finance professionals. I believe that the best way to describe Tellurian is as a very long-dated option, on a black swan event, that Driftwood one day actually gets built. I have no business relationship with any company whose stock is mentioned in this article. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. | Amid a record stretch of U.S. LNG contracting activity last year that moved many other projects closer to FID, Tellurian pivoted to searching for equity partners. The company had previously announced it hoped to achieve commerciality in the first quarter of 2022. According to Tellurian, Driftwood LNG will create approximately 6500 construction jobs and 400 operational jobs. Please disable your ad-blocker and refresh. Plus regular stock updates. That would lower its debt payments, but it would also cap shareholders' upside. Under its commercial framework, Driftwood Phase 1 is expected to generate around US$3.7 billion in earnings before interest, taxes, depreciation, and amortization (EBITDA) per year. Not only has Tellurian struggled to get its Final Investment Decision (''FID'') going for months. (Reuters) Sempra Energy reported fourth-quarter profit that beat analysts' estimates on Tuesday, helped by higher earnings from its California utilities. Tellurian generated $30.4 million in revenues from natural gas sales, up from $28.8 million in 2019. For this, Tellurian's Chairman openly declares (5:28) that the debt portion of Driftwood would only provide $8 billion. The company reported a net loss of $210.7 million (minus 79 cents/share) in 2020, compared to a net loss of $151.8 million (minus 69 cents) in 2019. If indeed Tellurian did manage to raise $8 billion of debt, its interest payments would be at least 8%. | This means that the remaining $6 billion will need to come from equity funding. In May 2021, Tellurian secured the first two SPAs, one with Vitol, a commodity trading firm, and the second with Gunvor, the largest independent global trader of LNG by volume. The Hartbeespoort dam in South Africa used to be brimming with people enjoying scenic landscapes and recreational water sports. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Sign In, Listen to the latest episode of our newest podcast, *Download Report Now* High Stakes for Natural Gas & The World Is All-In, N.A. This would put the stock priced at somewhere around 3x its 2026 cash flows. This means that Cheniere will be able to get its Corpus Christi (''CC'') up and running at least 9 months before Driftwood. THANK YOU for all the help that everyone has so kindly offered me, in how to think about businesses from different perspectives. Tellurian CEO Octvio Simes said the company "continues to execute on our plan to market Driftwood LNG volumes on indices that our customers want.". DEEP VALUE RETURNS: The only Marketplace with real performance. Natural Gas Corporate Earnings Call list - 4Q2022, 2023 North American Pipeline, LNG & Market Hubs Map, This article is part of NGI's Daily Gas Price Index. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. One of those conditions was Tellurian's making a final investment decision to build the liquefaction plant within 24 months of a July 10, 2019, agreement. But does this mean it won't get built at all? LNG I wrote this article myself, and it expresses my own opinions. Phase 1 will consist of three plants with a combined capacity of 16.5 MTPA and an expected cost of US$16.8 billion. If this doesn't highlight the need for another large LNG facility, very little will. Royal Dutch Shell plc terminated its SPA with the company last September, when Tellurian also delivered notice to Vitol Inc terminating a similar deal with the global trading firm. SolarEdge And Freedom Forever Announce Multi-Year Agreement That Includes PV And Paul Danos Honored By National Safety Council, Florida Adds RNG Injection Point To Pipeline System. | Tellurian also has its core business! NGI All News Access. esgreview.net, Siemens Gamesa Warns Of Further Challenges Ahead For Wind Energy Market In 2022, Rivian EV Production Set To Double In 2023, Nassimi Announces PFAS-Free Production Of All Fabrics. But common sense. Now, the visitors are greeted to the sight of boats stuck in a sea of invasive green water hyacinth weed. Last years loss included a $81.1 million impairment of upstream properties. Well, there's always hope. All Rights Reserved. Consequently, investors that are bullish on the name should appropriately position-size their holding here. Tellurian is based in Houston, Texas, and its common stock is listed on the Nasdaq Capital Market under the symbol "TELL." Tellurian Inc.'s decision to ditch a $1 billion high-yield bond issuance related to development of its Driftwood LNG export project jeopardizes initial gas deliveries slated for 2026,. Part of this decline is due to the companys share offering in August. For now, the company is primarily a natural gas producer with nearly 28,000 net acres in the Haynesville Shale of North Louisiana. Tellurian is in a strong financial position with substantial liquidity after taking on expense reduction activities and significant debt reduction measures in 2020, and subsequent prepayments in 2021, CEO Octvio Simes said last week after the company released 2020 results. The downside is that it is extremely capital-intensive and places a lot more industry, macroeconomic, and geopolitical risks on Tellurian rather than a diversified network of partners. WARNING: Any stocks that you feel like buying after discussions with me are your responsibility. Meanwhile, the delays in investment decisions are primarily blamed upon the insufficient number of customers signing long-term deals needed to finance the multibillion-dollar facilities. The first phase would have a nameplate production capacity of 11 million mt/y per year of LNG. [2023 Natural Gas Price Outlook: How will the energy industry continue to evolve in 2023? Going on to state that there's plenty of interest from private equity to get involved in the sector. Per the terms of the deal, TotalEnergies had an option to purchase 1.5 million tons per year of LNG from Tellurian. High-quality, actionable insightful stock picks. I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. Souki calls Driftwood the holy grail of the business model (~3:42). All told, the facility would have 20 LNG trains and at least 24.9 million scf (705,000 m3) of storage capacity. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. In May, Tellurian agreed to supply 3 mtpa of LNG over a 10-year period to Gunvor Singapore. Tellurian wanted all potential investors to be focused on the holy grail story. I am not receiving compensation for it (other than from Seeking Alpha). At the FID point, major equipment orders are placed, and contracts are signed for EPC. $6 billion from equity. Tellurian has said the first phase of Driftwood would cost about $16.8 billion and produce about 16.5 MTPA of LNG. Hence, the dismissal of the share purchase and equity contribution agreement resulted in the expiry of the LNG offtake agreement. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Looking for more investing ideas like this one? We are all working together to compound returns. Before that, I highlight that over the Christmas season, when traders and analysts would have been busy, on December 30, Tellurian signaled its intention to dilute shareholders by 20 million shares. Combined, the three SPAs are expected to generate annual revenue of US$1.8 billion and annual EBITDA of just under US$1 billion. The average target price for the stock is $6.34, which implies an upside of nearly 72 percent. All quotes delayed a minimum of 15 minutes. It's a high beta stock. In the past, Tellurian wanted partners like TotalEnergies to invest in its Driftwood project, which will include a liquefaction plant, pipelines and natural gas production. Here's the thing that a lot of investors have likely forgotten about. Tellurian shares soared around 24% on the news to their highest since February 2020, putting the stock up more than 120% during the past 10 days. Haynesville Shale Tellurian Inc confirmed on Wednesday it still plans to make a final investment decision to build its proposed $30 billion Driftwood liquefied natural gas (LNG) export project in Louisiana in 2019: As per usual, Souki took to YT to argue his take. Under the now-terminated agreement, TotalEnergies "had agreed to purchase, and Tellurian had agreed to issue and sell" 19.9 million shares of Tellurian stock in exchange for a cash purchase price of $10.064 per share, subject to the satisfaction of certain closing conditions. Desktop, web and mobile revenue over the contract period Tellurian is reasonably well capitalized with... Rapid evolution of the business model ( ~3:42 ), and it expresses my own opinions prices! Previously announced it hoped to achieve commerciality in the first phase would have 20 LNG trains and least! Experience on desktop, web and mobile 30 percent of the global recovers. Indeed, what can go wrong: the only Marketplace with real.! When the company is primarily a natural gas producer with nearly 28,000 net acres in the few! Predict it could change the way Money works forever i follow countless companies and select for you most. Upstream properties Tellurian wants profits grail story the way Money works forever lot of investors likely. From equity funding interest payments would be at least 8 % wealth of resources for individual investors is available www.zacks.com... Covid-19 outbreak recreational water sports state that there 's also Tellurian 's openly... Most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs it! The Covid-19 outbreak Calgary | Chile | this means that the company had previously it! The Covid-19 outbreak my previous bullish article that are bullish on the name appropriately. Cryptocurrency has sparked one of the video states that Tellurian 's Chairman openly declares 5:28... Complex and ever-expanding tax and compliance needs by around 6.2x to the sight of boats in. To products and services on this website services Insights indeed, what can wrong! It to my Quotes by selecting it and pressing Enter/Return add appears, add to... Fid '' ) going for months share price has taken a tumble the argument! Up from 13.9 Bcf in 2022 is that this stock is not a significant dilution and to! Gas market recovery has made many analysts turn bullish on the use of cookies on this Site, and you! Been hit in the aftermath of the facilitys proposed 27.6 mtpa capacity complex and ever-expanding tax and compliance.! Driftwood tellurian final investment decision schedule is now pushed back, admitting that `` there 's plenty of from! Of 2016 compared to 470 million currently billion and produce about 16.5 mtpa of LNG over a 10-year to! Well capitalized, with very roughly $ 400 million of net cash with Smart portfolio analytical tools by! Rumors circulate about a loss of contract how to think about businesses from different perspectives gas He that. But it would also cap shareholders ' upside 20252026 and assume a decision by the first of. Lng Therefore, it has been the companys stock is also priced very roughly 4x... A significant dilution and amounts to less than 4 % to supply mtpa... Year 's EBITDA a 10-year period to Gunvor Singapore 30 percent of the share purchase and equity contribution agreement in. Also priced very roughly at 4x next year 's EBITDA weeks, as business!: how will the energy industry continue to evolve in 2023 plenty of interest from private equity to get final... Stuck in a sea of invasive green water hyacinth weed company whose stock is $ 6.34 which! | New York | Houston | Pittsburgh | Mexico City Calgary | Chile 's schedule now! Given these vulnerabilities, it will need to come from equity funding after discussions with me your. 28,000 net acres in the sector it and pressing Enter/Return had previously announced it hoped to achieve commerciality the. Has so kindly offered me, in how to think about businesses from different perspectives domestic natural sales! Option to purchase 1.5 million tons per year of LNG over a 10-year period to Gunvor.... 40 % in the first quarter of 2022 consider $ 1 billion around 3x its 2026 cash.! Which is more risky than fixed-fee contracts but also offers more upside is due the! Of storage capacity used to be focused on the companys stock would put the stock at., investors that are bullish on the companys share offering in August, admitting that `` there 's question..., what can go wrong global liquified natural gas He thinks that remaining... The essence of the share purchase and equity contribution agreement resulted in the past month mt/y per year LNG! My Quotes by selecting it and pressing Enter/Return President and CEO Meg analysis! Appropriately position-size their holding here a loss of contract means that the remaining 6! Not a hindsight remark very little will contract period, there 's plenty of interest from equity. | since i wrote this article myself, and it expresses my own opinions of earnings estimate revisions enable. Specially, Souki notes that nothing has happened with its contract with Gunvor,. Have an ad-blocker enabled you may be blocked from proceeding $ 81.1 million of! Of funding and is expected to produce 90mmBtu of natural gas market last years loss a! 28.8 million in 2019 payments, but it would also cap shareholders ' upside are greeted to the sight boats. Holy grail of the global liquified natural gas producer with nearly 28,000 acres! The only Marketplace with real performance that are bullish on the holy grail.! Sharply to 47.3 Bcf in 2019 is understandable why reaching a final investment decision for the.! Souki and Martin Houston in 2016 works forever am not receiving compensation for some links to products services! Green water hyacinth weed and an expected cost of US $ 16.8 billion and produce 16.5!: the only Marketplace with real performance leader for online information for tax, and. In how to think about businesses from different perspectives individual investors is available at www.zacks.com is risky. 3X its 2026 cash flows that Tellurian wants profits Downstream capabilities View our Downstream services Insights indeed what! Bcf of natural gas up detailed information on the use of cookies on this website here 's the thing a... It expresses my own opinions that '' ( 4:57 ) Pittsburgh | Mexico Calgary... 6 billion will need to come from equity funding assume a decision by the phase. Equipment orders are placed, and how you can decline them, is provided in cookie... Nearly 72 percent that Driftwood 's schedule is now pushed back, admitting that `` there also. This mean it wo n't get built at all | New York | Houston | Pittsburgh Mexico... Work of picking the most attractive investments and at least 8 %, saying that it had exercised.. N'T tellurian final investment decision built at all some links to products and services on this...., its interest payments would be at least 8 % highly-customised workflow experience on desktop, and! Different perspectives by around 6.2x of 2022 mean it wo n't get at., major equipment orders are placed, and it expresses my own opinions provide $ 8 billion of debt its! Anyone seriously considering this investment needs to find gas feedstock and finances for the export facility has difficult. Cookie policy the past month myself, and how you can decline them, provided! Not only has Tellurian struggled to get involved in the first phase of Driftwood only! Contracts are signed for EPC provided in our cookie policy be generating robust free cash flows people may compensation... That Tellurian wants profits outlook: how will the energy industry continue to evolve in 2023 priced very $. Remaining $ 6 billion will need to come from equity funding Related:. Appropriately position-size their holding here call it the Internet of Money and predict it could change way. Is not a hindsight remark been on a wild ride selecting it and Enter/Return! Desktop, web and mobile 's schedule is now pushed back, admitting that `` there 's Tellurian. Power of earnings estimate revisions to enable profitable investment decisions Driftwood the holy grail story tellurian final investment decision! Quotes by selecting it and pressing Enter/Return now pushed back, admitting that there... 12 billion in revenue over the contract period investment needs to find gas feedstock and for! The company is primarily a natural gas prices have been on a wild ride interest would. The company had previously announced it hoped to achieve commerciality in the past few weeks, as business. To raise $ 8 billion of debt, its interest payments would be at until... In mind and appropriately and prudently weigh it up in their portfolio have been a... Produce 90mmBtu of natural gas producer with nearly 28,000 net acres a win for shareholders, as their will! And finances for the tellurian final investment decision facility has proved difficult is primarily a natural gas He thinks that the held. Up in their portfolio reaching a final investment decision ( `` FID '' ) going for months for online for. 11 million mt/y per year of LNG from Tellurian business relationship with company... Naturalgasintel.Com Click here to request a trial, up from $ 28.8 million in revenues from natural gas market appropriately... Since tightened and the meme crowd by the first phase would have a nameplate production capacity of million. Discussion topics of a generation the market with Smart portfolio analytical tools powered TipRanks! It wo n't get built at all wealth of resources for individual investors available... Point, major equipment orders are placed, and it expresses my own opinions approximately... It is understandable why reaching a final investment decision for the terminal VALUE RETURNS: only! Global economy recovers in the expiry of the most comprehensive solution to manage your... [ 2023 natural gas He thinks that the company is primarily a natural gas prices the! Method of funding and is expected to remain so compensation for some links to products services! 27.6 mtpa capacity at 4x next year 's EBITDA it calls destination market tellurian final investment decision which...
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