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☆ More low-carbon fuel is needed, but financing condition should improve
  + stars: | 2023-06-27 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMore low-carbon fuel is needed for the world, but financing conditions need to improveOctavio Simoes, President and CEO of Tellurian discusses the current shift in energy supply chains and challenges faced by energy producers.
Persons: Octavio Simoes, Tellurian
☆ Tellurian asks shareholders to approve doubling of authorized shares
  + stars: | 2023-04-13 | by ( ) www.reuters.com   time to read: +1 min
Companies Tellurian Inc FollowHOUSTON, April 13 (Reuters) - Tellurian (TELL.A) on Thursday asked its shareholders to vote on a proposal to double its share count as the liquefied natural gas (LNG) developer seeks to finance its multi-billion-dollar export terminal. The proposal - to increase authorized shares to 1.6 billion - if approved would provide additional financial flexibility while diluting the stakes of existing shareholders, the filing said. Shareholders will vote on the proposal on June 7, the company said in a proxy filing. Its Driftwood LNG export project received a U.S. export permit in March 2017, but has not achieved a financial go-ahead. The company's proxy filing shows executive pay fell last year as contracts with potential customers fell through and Tellurian began initial construction using its own cash.
☆ Tellurian woos Indian investors for its Driftwood LNG project
  + stars: | 2023-02-07 | by ( Shariq Khan | ) www.reuters.com   time to read: +2 min
Feb 7 (Reuters) - Tellurian Inc is continuing discussions with the Indian government and oil companies for investments in its Driftwood liquefied natural gas project in Louisiana, its chief executive told Reuters on Tuesday. "The only way India and Indian companies can supply LNG at the lowest possible cost is if they invest equity in a project that allows them to lift the LNG at cost. We offer that, so obviously, it is very, very attractive to the Indian companies and the Indian government," Simoes said. Houston, Texas-based Tellurian resumed talks with Indian oil and gas companies for investments in Driftwood LNG late last year. No other competing project is under construction," Simoes said.
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