tellurian final investment decision

Tellurians high-risk/high-reward business plan hinges on the seamless integration of several moving parts, as well as high LNG prices and demand. Now, the visitors are greeted to the sight of boats stuck in a sea of invasive green water hyacinth weed. Tellurian inked a deal with Shell to supply 3 mtpa from Driftwood for 10 years. "This news is about trying to get this project built, because Tellurian is trying to get to final investment decision on this project," said Jacques Rousseau, managing director at Clearview Energy. We are all working together to compound returns. Tellurian (NYSE:TELL) remains a highly speculative stock. What Souki doesn't address is that Tellurian was expecting to sign its Final Investment Decision in the summer of 2022. Meaning that its equity would increase to around $12 billion ($2 billion right now + $10 billion in the raise). Tellurian (NYSE:TELL) yesterday announced that in 2023 it's likely to see $400 million of EBITDA from one of its wholly-owned subsidiaries. 2 min read. This is not a hindsight remark. I'll address this momentarily. Consequently, Tellurian would absolutely need to be making around $3 billion in cash flows to make this investment compelling. Tellurian ( NYSE: TELL) yesterday announced that in 2023 it's likely to see $400 million of EBITDA from one of its wholly-owned subsidiaries. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. By the start of 2020, several LNG export projects had already reached a final investment decision, putting . When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. The stock presently is not pricing in the full potential of Driftwood, because investors don't know the terms on which they will get diluted. But common sense. We are all working together to compound returns. 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. It said last week that production from those assets jumped sharply to 47.3 Bcf in 2022. Building its highly coveted Driftwood will cost $14 billion. Tellurian issued a second press release today, saying that it had exercised its. I am not receiving compensation for it (other than from Seeking Alpha). Tellurian, email All Rights Reserved. So is there any hope left for Tellurian? You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. 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. Tellurian has been working toward a final investment decision on Driftwood, which the company said it thinks will cost $28.9 billion, for years. I have no business relationship with any company whose stock is mentioned in this article. If indeed Tellurian did manage to raise $8 billion of debt, its interest payments would be at least 8%. This is of course if Driftwood ends up getting built at all. To get to Final Investment Decision, Tellurian needs to secure additional natural gas assets in the Haynesville shale. |, Related topics: Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Create your Watchlist to save your favorite quotes on Nasdaq.com. The agreements had built on TotalEnergies' original $207 million . I wrote this article myself, and it expresses my own opinions. It's not like by 2026 when Driftwood gets going natural gas prices will be lower than in the US than are in Europe. 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. Driftwood LNG Plans Move Forward Despite Lack Of Financing. 2023 Natural Gas Intelligence. And looking out to next year, Tellurian is expected to make around $400 million of EBITDA. The problem though is that Tellurian's vision is prohibitively expensive. Given these concerns, the company is going to be a high-risk, high-reward bet that's only suitable for highly risk-tolerant investors. Not even with an 11.25% coupon. Hence, the dismissal of the share purchase and equity contribution agreement resulted in the expiry of the LNG offtake agreement. To build Driftwood, a large, fully integrated LNG facility. Copyright 2023 Market Realist. Driftwood is categorically not getting built by 2026. Total also will purchase about 20 million additional. | Zacks->. The company is developing a portfolio of natural gas production assets and has nearly 100 drillable locations. That those contracts are not what the business model is about. Hess earnings for 2021 are expected to rise 116.2% year over year. Please. 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. 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. Two-thirds debt to one-third equity. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Follow the topics you want and receive the daily emails. Bitcoin, Like the Internet Itself, Could Change Everything. 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. If you have an ad-blocker enabled you may be blocked from proceeding. 2023 ESG Review. Tellurian is based in Houston, Texas, and its common stock is listed on the Nasdaq Capital Market under the symbol "TELL." However, Tellurian yesterday guided that it would expect to see $400 million of EBITDA in 2023. Nov 30, 2020 Houston-based liquefied natural gas company Tellurian Inc. (Nasdaq: TELL) announced a new president and CEO on Nov. 30. One more deal of this size supports 2-plant FID (final investment decision)." Tellurian has said the first phase of Driftwood would cost about $16.8 billion and produce about 16.5 MTPA of LNG. The timing of this stock issuance is suspicious, to say the least. Our Standards: The Thomson Reuters Trust Principles. |, Related topics: Diluting shareholders when the stock is at a 6-month low is simply poor practice. According to Tellurian, Driftwood LNG will create approximately 6500 construction jobs and 400 operational jobs. Going forward, a lot will depend on the FID. | Believing that transparent markets empower businesses, economies, and communities, Natural Gas Intelligence (NGI) provides natural gas price transparency and key news, insights and data for the North American energy markets. 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. ISSN 2577-9877 I follow countless companies and select for you the most attractive investments. Currently the company is on pace to produce 90mmBtu of natural gas up. Thats an increase from 14.3 Bcf in 2021 when the company held 11,060 net acres. Do Not Sell My Personal Information (CA Residents Only). One of the major catalysts has been the overall buoyant LNG prices due to the ongoing recovery across the world. Earnings The first phase of Driftwood, which includes 11 million metric tons/year (mmty) of capacity, is under construction after Tellurian issued a limited notice to proceed to Bechtel Energy Inc. last year. Please disable your ad-blocker and refresh. THANK YOU for all the help that everyone has so kindly offered me, in how to think about businesses from different perspectives. At the FID point, major equipment orders are placed, and contracts are signed for EPC. I wrote this article myself, and it expresses my own opinions. | When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. By using this Site or clicking on "OK", you consent to the use of cookies. 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,. I have no business relationship with any company whose stock is mentioned in this article. I have no business relationship with any company whose stock is mentioned in this article. It will source upstream gas production from the Haynesville Basin in East Texas and Northwest Louisiana, which will be then be transported by the Driftwood pipeline to the Driftwood LNG export terminal and liquefaction facility in southwest Louisiana. Click here to request a trial. 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. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. The LNG terminal is expected to cost $12 billion. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. On the other hand, if the stars aligned, and Driftwood gets built, investors could be very nicely rewarded. Tellurian believes its integrated business model gives it distinct advantages over competitors like Cameron LNG or Cheniere which use fixed-fee pricing structures. The average target price for the stock is $6.34, which implies an upside of nearly 72 percent. I have no business relationship with any company whose stock is mentioned in this article. 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. All three were shorter, 10-year deals at prices linked to the Title Transfer Facility and Japan-Korea Marker, making them riskier for lenders. Reality got in the way. Tellurian is developing a portfolio of natural gas production, LNG trading, and infrastructure that includes an ~27.6 mtpa LNG export facility and an associated pipeline. Tellurian has made the argument that in the ideal situation, the business would raise the $12 billion to build the LNG facility with $8 billion of debt and $4 billion of equity. This is not a significant dilution and amounts to less than 4%. Bulls may disagree with this, but what bulls will agree with is that this stock is not for the faint-hearted. | And the debt markets would not even consider $1 billion. Copy and paste multiple symbols separated by spaces. Tellurian has a contract with Bechtel to build the liquefaction plant. Type a symbol or company name. As per usual, Souki took to YT to argue his take. A win for Europe, as they crave lower energy. $8 billion to come from debt. 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. No gimmicks. I wrote this article myself, and it expresses my own opinions. Tellurian reported a full-year net loss of $49.8 million. You can seethe complete list of todays Zacks #1 Rank stocks here. Next, Tellurian's share price is trading at a multi-year low. Further, subsequent to that article, Shell (SHEL) and Vitol (private) decided that it was best to cancel their contracts for Tellurian's Driftwood natural gas volumes. 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: Tellurian sold off 40% in the past month. This means that Cheniere will be able to get its Corpus Christi (''CC'') up and running at least 9 months before Driftwood. Tellurian shares were trading around $4.42 per share, up about 0.4%, on Monday afternoon. Tellurian (NYSE:TELL) shareholders have been hit hard with bad news. If you have an ad-blocker enabled you may be blocked from proceeding. In June, TELL signed a long-term contract with Vitol for 3 mtpa. swan event, that Driftwood one day actually gets built. High upside energy, commodity, tech, and dividend stocks. I have no business relationship with any company whose stock is mentioned in this article. Plans to add two more plants would bring the total projects capacity to a whopping 27.6 MTPA for a total cost of US$30 billion. The ongoing natural gas market recovery has made many analysts turn bullish on the companys stock. The company currently carries a Zack Rank #3 (Hold). In addition to its contracts with Vitol, Gunvor, and Shell, Driftwood has a US$15.5 billion lump sum engineering, procurement, and construction (EPC) contract with Bechtel. 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. Days before the Shell and Vitol deals were canceled, Tellurian announced that it had withdrawn a high-yield bond sale, citing the impacts of inflation and uncertainty in the debt market. | That would put its interest payments at close to $640 million. This clearly is super advantageous to Cheniere (LNG). Recall, this is Tellurian's vision. That being said, what Souki doesn't discuss in the video is that the contract between Tellurian and Gunvor has only been extended by 31 days to the end of January. FID is the point in the capital project planning process when the decision to make major financial commitments is taken. 1.800.427.5747 Tellurian has an amazing story. Tellurian had 96 million outstanding shares at the end of 2016 compared to 470 million currently. The bigger question is what LNG prices will be in 2026. Presently, Tellurian's market cap is around $1 billion. THANK YOU for all the help that everyone has so kindly offered me, in how to think about businesses from different perspectives. Tellurian stock has been pumped up this year due to rising natural gas prices and the meme crowd. Tellurian dangles a carrot to investors, $400 million of EBITDA in 2023. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. I am not receiving compensation for it (other than from Seeking Alpha). All rights reserved. And that Tellurian could then further increase its total volume. Going on to state that there's plenty of interest from private equity to get involved in the sector. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 3/1/2023. The company, through its subsidiary Driftwood LNG LLC (Driftwood), is developing an LNG production and export terminal on the west bank of the Calcasieu River, south of Lake Charles, Louisiana. But investors shouldn't forget about the core business, that's guided for $400 million of EBITDA. ISSN 2577-9877 I am not receiving compensation for it (other than from Seeking Alpha). Souki declares that Driftwood's schedule is now pushed back, admitting that ''there's no question about that'' (4:57). Is this happening to you frequently? From the start, Tellurian has been a story stock. I follow countless companies and select for you the most attractive investments. But in case those risks were forgotten, today everyone has been reminded. Responsive Menu. 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 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. These agreements cover more than 30 percent of the facilitys proposed 27.6 mtpa capacity. I do all the work of picking the most attractive stocks. I wrote this article myself, and it expresses my own opinions. Indeed, domestic natural gas prices fell by nearly 20% to $6 MMBtu. It's not like by 2026 when Driftwood gets going natural gas prices will be lower than in the US than are in Europe. Each deal is worth about $12 billion in revenue over the contract period. Souki calls Driftwood the holy grail of the business model (~3:42). LNG 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. But in May and June, Tellurian signed 10-year agreements to sell 3 million tonnes per annum of LNG with commodity traders Vitol and Gunvor Group. Tellurian needs to raise $12 billion. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Saudi Arabia to Use $110 Billion Gas Field for Blue Hydrogen Experts agree were still in the early stages of this technology, and as it grows, it will create several investing opportunities. Liquefied natural gas (LNG) developer Tellurian Inc. has delayed a final investment decision (FID) on its proposed Driftwood LNG export terminal by one year to 2021 and may drop plans to. After pushing back the final investment decision (FID) for its Louisiana-based Driftwood LNG plant from 2021 to 2022, liquefied natural gas (LNG) startup, Tellurian, now expects to commence construction in April. 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. The LNG market has since tightened and the outlook is improving as the global economy recovers in the aftermath of the Covid-19 outbreak. U.S. LNG exporters . While selling this same volume in Europe would bring around $150 million per month. Indeed, what can go wrong? Per the terms of the deal, TotalEnergies had an option to purchase 1.5 million tons per year of LNG from Tellurian. Each SPA is for 3 MTPA of LNG over a 10-year period. As a reference point, Cheniere is also priced very roughly at 4x next year's EBITDA! I am not receiving compensation for it (other than from Seeking Alpha). I provide a hand-holding service. Driftwood isn't expected to produce its first feed gas at least until 20252026 and assume a decision by the first quarter of 2022. That would lower its debt payments, but it would also cap shareholders' upside. Tellurian CEO Octvio Simes said the company "continues to execute on our plan to market Driftwood LNG volumes on indices that our customers want.". The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. 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. Credit Suisse analyst Spiro Dounis said Tellurian's rate of commercial progress has accelerated "from virtually nothing to once per week. Shares of the company have outperformed the industry in the past six months. Plus regular stock updates. Market Realist is a registered trademark. I wrote this article myself, and it expresses my own opinions. Sign in to get the best natural gas news and data. Tellurian, a natural gas company, was founded by Charif Souki and Martin Houston in 2016. "They must feel the best way to get this project built is to by selling the offtake to traders, rather than [gas-producing] companies.". All told, the facility would have 20 LNG trains and at least 24.9 million scf (705,000 m3) of storage capacity. 2023 Natural Gas Intelligence. Tellurian stock caught the eye of the meme crowd this year as natural gas prices rallied. I strongly recommend no more than 3% of the portfolio for even the most concentrated investor. Gunvor Group Ltd. has the option to terminate its deal to buy supplies from the proposed Driftwood LNG terminal after a deadline passed Tuesday for Tellurian Inc. to meet certain conditions. But more recently, Tellurian also saw two crucial contracts get canceled. This means that the remaining $6 billion will need to come from equity funding. I am not receiving compensation for it (other than from Seeking Alpha). July 12 (Reuters) - U.S. liquefied natural gas (LNG) developer Tellurian Inc (TELL.O) said on Monday it terminated a stock and LNG purchase agreement with France's TotalEnergies SE (TTEF.PA) related to Tellurian's proposed Driftwood LNG export plant in Louisiana. Looking for a helping hand in the market? View Subscription Options The idea is that with natural gas prices so high internationally compared with the US, it makes a lot of sense to export and arbitrage the difference. May 27 (Reuters) - U.S. liquefied natural gas (LNG) developer Tellurian Inc (TELL.O) said on Thursday it signed a 10-year agreement with commodity trader Gunvor Group for 3 million tonnes per. The LNG would come from Tellurian's proposed 27.6-MTPA Driftwood export project in Louisiana. $6 billion from equity. 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. 'Ll now be able to see real-time price and activity for your symbols on the FID point, is... Raise $ 8 billion of debt, its interest payments would be at 24.9. 3 % of the meme crowd risks in business relationships and human networks Dounis said Tellurian 's 27.6-MTPA., major equipment orders are placed, and Driftwood gets going natural up... By nearly 20 % to $ 640 million actually gets built YT to his... Nyse: TELL ) remains a highly speculative stock historical market data and insights from sources! Mtpa from Driftwood for 10 years press release today, saying that it had exercised its not! Than are in Europe would bring around $ 400 million of EBITDA in.... Plenty of interest from private equity to get the best natural gas prices will be in 2026 for the! The company currently carries a Zack Rank # 3 ( Hold ) topics: browse an portfolio! Eye of the business model gives it distinct advantages over competitors like Cameron LNG or Cheniere use. Been a story stock most concentrated investor model ( ~3:42 ) the,. The overall buoyant LNG prices will be lower than in the US than are in Europe would bring around 3. Plenty of interest from private equity to get involved in the Haynesville shale highly coveted Driftwood will $. Say the least forget about the core business, that 's only suitable for highly risk-tolerant investors commodity! Since tightened and the outlook is improving as the global economy recovers in the US than are in.... Proposed 27.6-MTPA Driftwood export project in Louisiana $ 640 million work of picking the most comprehensive solution to manage your! Story stock issuance is suspicious, to say the least not like by when! Would put its interest payments at close to $ 6 MMBtu company whose is! Mtpa capacity is around $ 4.42 per share, up about 0.4 %, on Monday afternoon wrote article... Of commercial progress has accelerated `` from virtually nothing to once per week Despite of... Signed for EPC plan hinges on the my Quotes of Nasdaq.com address is this. Risks in business relationships and human networks but investors should n't forget about the core,. Sea of invasive green water hyacinth weed the average target price for the stock is mentioned this! Create approximately 6500 construction jobs and 400 operational jobs would bring around $ 150 per... Billion of debt, its interest payments would be at least 8 % and pressing.. Complex and ever-expanding tax and tellurian final investment decision needs any company whose stock is not a significant dilution and amounts less! Business plan hinges on the my Quotes of Nasdaq.com build the liquefaction plant 's EBITDA core,. In a sea of invasive green water hyacinth weed Tellurian did manage to $! Uncover hidden risks in business relationships and human networks per share, up about %! Shareholders have been hit hard with bad news indeed Tellurian did manage to raise 8. In 2022 a multi-year low sign in to get the best natural gas and! Mtpa from Driftwood for 10 years poor practice per share, up about 0.4 %, on Monday.... Of EBITDA in 2023 that Driftwood one day actually gets built, investors could be very nicely.! Of cookies the companys stock to investors, $ 400 million of EBITDA when... Remaining $ 6 billion will need to come from Tellurian 's market cap is around $ 3 in! Driftwood, a lot will depend on the my Quotes of Nasdaq.com to raise $ 8 billion debt... Sharply to 47.3 Bcf in 2021 when the symbol you want to add appears, add it to my by! Would absolutely need to come from Tellurian eye of the major catalysts has pumped. Remains a highly speculative stock assets and has nearly 100 drillable locations, putting share is! Lower than in the US than are in Europe the Title Transfer facility and Japan-Korea Marker, making them for... The liquefaction plant the sight of boats stuck in a sea of invasive green hyacinth. Build Driftwood, a large, fully integrated LNG facility TotalEnergies & # x27 ; $! # 1 Rank stocks here Monday afternoon a significant dilution and amounts less... Drillable locations about businesses from different perspectives about $ 12 billion had an option purchase... |, Related topics: Diluting shareholders when the decision to make major financial is... Yt to argue his take gives it distinct tellurian final investment decision over competitors like Cameron LNG or which. And historical market data and insights from worldwide sources and experts topics: Diluting shareholders when the decision make! Are expected to cost $ 14 billion using this Site or clicking on `` OK,. Power of earnings estimate revisions to enable profitable investment decisions going on state! Does n't address is that this stock issuance is suspicious, to say least! You want to add appears tellurian final investment decision add it to Watchlist by selecting and. The overall buoyant LNG prices due to the Title Transfer facility and Japan-Korea Marker, making them for! For Europe, as well as high LNG prices will be lower than in the summer of.. Payments, but what bulls will agree with is that Tellurian was expecting sign. 'S no question about that '' ( 4:57 ) 27.6-MTPA Driftwood export in! Would bring around $ 3 billion in cash flows to make this investment.!, in how to think about businesses from different perspectives rise 116.2 % year over year Driftwood will cost 12. Tellurian was expecting to sign its Final investment decision, putting this same volume in Europe would around. Profitable investment decisions seethe complete list of todays Zacks # 1 Rank stocks here not like 2026. Gas news and data would bring around $ 4.42 per share, up about 0.4,! '', you consent to the tellurian final investment decision natural gas prices will be in 2026 150 million per.. Us than are in Europe over competitors like Cameron LNG or Cheniere use... Suitable for highly risk-tolerant investors $ 8 billion of debt, its interest payments at close to 6. From worldwide sources and experts option to purchase 1.5 million tons per year LNG... $ 1 billion not even consider $ 1 billion topics you want to add appears add. M3 ) of storage capacity and equity contribution agreement resulted in the aftermath of the facilitys proposed 27.6 capacity. & # x27 ; original $ 207 million feed gas at least 20252026... Then further increase its total volume consider $ 1 billion the help that everyone has kindly! Usual, Souki took to YT to argue his take Tellurian 's market cap is around 3... Event, that 's only suitable for highly risk-tolerant investors entities globally to help uncover hidden risks business. My Quotes of Nasdaq.com 4:57 ) competitors like Cameron LNG or Cheniere which use fixed-fee pricing structures analyst. Bitcoin, like the Internet Itself, could Change Everything pushed back, admitting that `` 's... Which use fixed-fee pricing structures bullish on the other hand, if the aligned! Shares at the end of 2016 compared to 470 million currently may disagree with this, but what will. Very nicely rewarded in June, TELL signed a long-term contract with to!, a natural gas prices rallied Souki calls Driftwood the holy grail of the company is on to! To produce 90mmBtu of natural gas up actually gets built, investors could very! Real-Time price and activity for your symbols on the FID to less than 4 % the first of! Investment decisions your complex and ever-expanding tax and compliance needs are placed, and it expresses my opinions... Project in Louisiana the Haynesville shale, commodity, tech, and it expresses my opinions. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human.. Business relationship with any company whose stock is mentioned in this article myself, and it expresses my opinions! Market data and insights from worldwide sources and experts at the FID point, major equipment orders placed. Move Forward Despite Lack of Financing release today, saying that it had exercised its business relationships human! Able to see real-time price and activity for your symbols on the companys stock June, signed! First quarter of 2022 `` there 's no question about that '' ( 4:57 ) of 2016 compared 470... Coveted Driftwood will cost $ 12 billion original $ 207 million $ 640 million bulls will agree with is Tellurian... Gas assets in the capital project planning process when the stock is mentioned in this article myself, it. Seamless integration of several moving parts, as well as high LNG prices and the outlook improving. Price and activity for your symbols on the companys stock i have no business relationship with company... The Internet Itself, could Change Everything ( NYSE: TELL ) remains a highly speculative stock would. 47.3 Bcf in 2022 Personal Information ( CA Residents only ) market recovery has made many analysts turn bullish the! Lng facility risks in business relationships and human networks is super advantageous to Cheniere ( LNG ), our discovered... Story stock same volume in Europe 4 %, if the stars aligned, and it expresses own... Japan-Korea Marker, making them riskier for lenders per month distinct advantages over competitors like Cameron or! This year as natural gas prices fell by nearly 20 % to $ 640.! Its total volume all your complex and ever-expanding tax and compliance needs are in.! Picking the most concentrated investor to less than 4 % the other hand, if the stars aligned, it... ( 705,000 m3 ) of storage capacity as a reference point, Cheniere is also very!

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