{"id":507801,"date":"2021-06-29T14:10:10","date_gmt":"2021-06-29T18:10:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/tellurian-signs-long-term-lease-with-the-port-of-lake-charles\/"},"modified":"2021-06-29T14:10:10","modified_gmt":"2021-06-29T18:10:10","slug":"tellurian-signs-long-term-lease-with-the-port-of-lake-charles","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/tellurian-signs-long-term-lease-with-the-port-of-lake-charles\/","title":{"rendered":"Tellurian Signs Long-Term Lease with the Port of Lake Charles"},"content":{"rendered":"

<\/p>\n

Tellurian Signs Long-Term Lease with the Port of Lake Charles <\/b><\/p>\n

HOUSTON–(BUSINESS WIRE<\/a>)–
\nTellurian Inc. (Tellurian) (NASDAQ: TELL) announced today that its wholly owned subsidiary Driftwood LNG LLC has exercised its long-term lease option with the Lake Charles Harbor and Terminal District on the 477 acre site in Sulphur, Louisiana. The ground lease agreement has an initial term of 20 years with extension options of up to 50 years.\n<\/p>\n

\nExecutive Vice President and Chief Operating Officer Keith Teague said, \u201cTellurian is taking necessary steps to prepare for Driftwood LNG construction by entering into this long-term lease and executing certain projects such as road improvements and utility relocation. We have an active and productive relationship with Port of Lake Charles officials and they have been helpful partners from the early development and site selection of our liquefied natural gas export terminal. Tellurian appreciates and thanks the Lake Charles Harbor and Terminal District Board of Commissioners for their hard work and the ongoing role they will play in the success of Driftwood LNG.\u201d\n<\/p>\n

\nCarl J. Krielow, President of the Board of Commissioners of the Lake Charles Harbor and Terminal District commented, \u201cDriftwood LNG will bring over 6,500 construction jobs, about 400 operational jobs and millions of dollars in tax revenue and spending to Southwest Louisiana. As a Board, we will continue to support key developments in our dynamic deepwater seaport that enhance our community and citizens.\u201d\n<\/p>\n

About Tellurian Inc.<\/i><\/b><\/p>\n

\nTellurian intends to create value for shareholders by building a low-cost, global natural gas business, profitably delivering natural gas to customers worldwide. Tellurian is developing a portfolio of natural gas production, LNG marketing and trading, and infrastructure that includes an ~ 27.6 mtpa LNG export facility and an associated pipeline. Tellurian is based in Houston, Texas, and its common stock is listed on the Nasdaq Capital Market under the symbol \u201cTELL.\u201d For more information, please visit www.tellurianinc.com<\/a>. Follow us on Twitter at twitter.com\/TellurianLNG<\/a><\/p>\n

About the Port of Lake Charles\/ Lake Charles Harbor and Terminal District<\/i><\/b><\/p>\n

\nThe Port of Lake Charles is one of America\u2019s top dozen ports, as measured by U.S. Commerce Department tonnage statistics. It imports and exports more than 4.3 million tons of cargo annually and trades with more than 70 nations worldwide.\n<\/p>\n

\nThe Port also leases property for gaming, LNG, industrial and other business purposes \u2014and, with the Calcasieu Ship Channel, forms \u201cAmerica\u2019s Energy Corridor,\u201d an anchor of the Southwest Louisiana economy.\n<\/p>\n

\nThe Port\u2019s new leadership team is headed by Richert L. Self, executive director.\n<\/p>\n

CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS<\/i><\/b><\/p>\n

\nThis press release contains forward-looking statements within the meaning of U.S. federal securities laws. The words \u201canticipate,\u201d \u201cassume,\u201d \u201cbelieve,\u201d \u201cbudget,\u201d \u201ccontinue,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cforecast,\u201d \u201cinitial,\u201d \u201cintend,\u201d \u201cmay,\u201d \u201cplan,\u201d \u201cpotential,\u201d \u201cproject,\u201d \u201cproposed,\u201d \u201cshould,\u201d \u201cwill,\u201d \u201cwould,\u201d and similar expressions are intended to identify forward-looking statements. Forward-looking statements herein relate to, among other things, construction and pre-construction activities at Driftwood. These statements involve a number of known and unknown risks, which may cause actual results to differ materially from expectations expressed or implied in the forward-looking statements. These risks include the matters discussed in Item 1A of Part I of the Annual Report on Form 10-K of Tellurian for the fiscal year ended December 31, 2020, and other Tellurian filings with the Securities and Exchange Commission, all of which are incorporated by reference herein. Full construction of Driftwood LNG is subject to, among other things, a final investment decision with respect to Driftwood LNG; and reaching a final investment decision will require Tellurian to obtain significant amounts of additional capital. The forward-looking statements in this press release speak as of the date of this release. Although Tellurian may from time to time voluntarily update its prior forward-looking statements, it disclaims any commitment to do so except as required by securities laws.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210629005962\/en\/<\/a><\/span><\/p>\n

Media:
\n<\/b>
Joi Lecznar
\n
EVP Public and Government Affairs
\n
Phone +1.832.962.4044
\n
joi.lecznar@tellurianinc.com<\/a><\/p>\n

Investors:
\n<\/b>
Matt Phillips
\n
Vice President, Investor Relations
\n
Phone +1.832.320.9331
\n
matthew.phillips@tellurianinc.com<\/a><\/p>\n

KEYWORDS:<\/b> Texas Louisiana United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Construction & Property Maritime Transport Utilities Oil\/Gas Other Natural Resources Energy Mining\/Minerals Other Construction & Property Natural Resources<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Tellurian Signs Long-Term Lease with the Port of Lake Charles HOUSTON–(BUSINESS WIRE)– Tellurian Inc. (Tellurian) (NASDAQ: TELL) announced today that its wholly owned subsidiary Driftwood LNG LLC has exercised its long-term lease option with the Lake Charles Harbor and Terminal District on the 477 acre site in Sulphur, Louisiana. The ground lease agreement has an initial term of 20 years with extension options of up to 50 years. Executive Vice President and Chief Operating Officer Keith Teague said, \u201cTellurian is taking necessary steps to prepare for Driftwood LNG construction by entering into this long-term lease and executing certain projects such as road improvements and utility relocation. We have an active and productive relationship with Port of Lake Charles officials and … <\/p>\n

Continue reading “Tellurian Signs Long-Term Lease with the Port of Lake Charles”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-507801","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nTellurian Signs Long-Term Lease with the Port of Lake Charles - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/tellurian-signs-long-term-lease-with-the-port-of-lake-charles\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tellurian Signs Long-Term Lease with the Port of Lake Charles - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Tellurian Signs Long-Term Lease with the Port of Lake Charles HOUSTON–(BUSINESS WIRE)– Tellurian Inc. (Tellurian) (NASDAQ: TELL) announced today that its wholly owned subsidiary Driftwood LNG LLC has exercised its long-term lease option with the Lake Charles Harbor and Terminal District on the 477 acre site in Sulphur, Louisiana. The ground lease agreement has an initial term of 20 years with extension options of up to 50 years. Executive Vice President and Chief Operating Officer Keith Teague said, \u201cTellurian is taking necessary steps to prepare for Driftwood LNG construction by entering into this long-term lease and executing certain projects such as road improvements and utility relocation. 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