{"id":781919,"date":"2023-09-05T22:31:50","date_gmt":"2023-09-06T02:31:50","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/tellurian-and-baker-hughes-announce-agreement-for-driftwood-lng-phase-1-liquefaction-equipment-7\/"},"modified":"2023-09-05T22:31:50","modified_gmt":"2023-09-06T02:31:50","slug":"tellurian-and-baker-hughes-announce-agreement-for-driftwood-lng-phase-1-liquefaction-equipment-7","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/tellurian-and-baker-hughes-announce-agreement-for-driftwood-lng-phase-1-liquefaction-equipment-7\/","title":{"rendered":"Tellurian and Baker Hughes Announce Agreement for Driftwood LNG Phase 1 Liquefaction Equipment"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><strong>Tellurian and Baker Hughes Announce Agreement for Driftwood LNG Phase 1 Liquefaction Equipment<\/strong><\/p>\n<p>SINGAPORE&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nTellurian Inc. (NYSE American: TELL) and Baker Hughes (NASDAQ: BKR) announced Wednesday an agreement to supply eight main refrigerant compression packages for Phase 1 of the Driftwood LNG project. The agreement secures a delivery schedule for the eight LM6000PF+ gas turbines, main refrigerant compressors, and control units required for Phase 1, supporting Driftwood\u2019s ability to achieve initial liquefied natural gas (LNG) production in 2027.<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20230905407220\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230905407220\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230905407220\/en\/1881364\/4\/Tellurian_and_Baker_Hughes_CEOs.jpg\" alt=\"Tellurian CEO Octavio Simoes and Baker Hughes Chairman and CEO Lorenzo Simonelli sign equipment agreement at Gastech 2023 in Singapore (Photo: Business Wire)\" \/><\/p>\n<p style=\"font-size:85%\">Tellurian CEO Octavio Simoes and Baker Hughes Chairman and CEO Lorenzo Simonelli sign equipment agreement at Gastech 2023 in Singapore (Photo: Business Wire)<\/p>\n<\/div>\n<p>\nBaker Hughes is also on schedule to complete, by early next year, fabrication of the electric-powered, zero-emissions Integrated Compressor Line (ICL) packages and other turbomachinery equipment for Driftwood Pipeline 200, following the <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.bakerhughes.com%2Fcompany%2Fnews%2Ftellurian-awards-baker-hughes-contract-advanced-zeroemissions-electricpowered&amp;esheet=53549071&amp;newsitemid=20230905407220&amp;lan=en-US&amp;anchor=award+in+2022&amp;index=1&amp;md5=d080c6ec1435776251c073114b6c9d3b\">award in 2022<\/a>.<\/p>\n<p>\nTellurian President and CEO Oct\u00e1vio Sim\u00f5es said, \u201cBechtel has done a tremendous job preparing the site and has already completed the piling and compressor foundations for Plant 1 of Driftwood LNG. This agreement with Baker Hughes firms up our plans to secure the critical technology for Driftwood Phase 1. We value our continued, long-term relationship with Baker Hughes for delivering industry leading manufactured equipment and technology solutions to enhance our ability to deliver clean energy to the world.\u201d<\/p>\n<p>\n\u201cThis agreement builds on the established collaboration between Baker Hughes and Tellurian as we continue to execute on our scope for the Driftwood Pipeline 200, which includes providing zero-emissions ICL compressor packages for their first deployment in North America,\u201d said Lorenzo Simonelli, chairman and CEO of Baker Hughes. \u201cLeveraging our 30 years of experience in LNG and broad portfolio of technologies for the natural gas value chain, we are pleased to support Tellurian also for the Driftwood liquefaction plant with our gas technology solutions.\u201d<\/p>\n<p><b>About Tellurian Inc.<\/b><\/p>\n<p>\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 NYSE American under the symbol \u201cTELL\u201d. For more information, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.tellurianinc.com&amp;esheet=53549071&amp;newsitemid=20230905407220&amp;lan=en-US&amp;anchor=www.tellurianinc.com&amp;index=2&amp;md5=311de518c491c2c6abca6b69f0e2b4d4\">www.tellurianinc.com<\/a>.<\/p>\n<p>\nFollow us on Twitter at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2FTellurianLNG&amp;esheet=53549071&amp;newsitemid=20230905407220&amp;lan=en-US&amp;anchor=twitter.com%2FTellurianLNG&amp;index=3&amp;md5=2feb1b84d56d4a6f6879c538fac2ffef\">twitter.com\/TellurianLNG<\/a>.<\/p>\n<p><b>About Baker Hughes<\/b><\/p>\n<p>\nBaker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward \u2013 making it safer, cleaner and more efficient for people and the planet. Visit us at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.bakerhughes.com%2F&amp;esheet=53549071&amp;newsitemid=20230905407220&amp;lan=en-US&amp;anchor=bakerhughes.com&amp;index=4&amp;md5=1d3ede28bd9a3fdd8e8b27916493f1bb\">bakerhughes.com<\/a>.<\/p>\n<p><b><i>CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS<\/i><\/b><\/p>\n<p>\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 \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, the capacity, timing, and other aspects of the Driftwood LNG project, and development, construction and financing activities. 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, 2022, filed by Tellurian with the Securities and Exchange Commission (the SEC) on February 22, 2023, and other Tellurian filings with the SEC, all of which are incorporated by reference herein. 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.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230905407220r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230905407220\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230905407220\/en\/<\/a><\/span><\/p>\n<p><b>Tellurian<br \/>\n<\/b><br \/>Joi Lecznar<br \/>\n<br \/>EVP Public and Government Affairs<br \/>\n<br \/>Phone +1.832.962.4044<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:joi.lecznar@tellurianinc.com\">joi.lecznar@tellurianinc.com<\/a><\/p>\n<p><b>Baker Hughes Media Relations<br \/>\n<\/b><br \/>Chiara Toniato<br \/>\n<br \/>Phone: +39 3463823419<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:chiara.toniato@bakerhughes.com\">chiara.toniato@bakerhughes.com<\/a><\/p>\n<p><b>Baker Hughes Investors Relations<br \/>\n<\/b><br \/>Chase Mulvehill<br \/>\n<br \/>+1 281-809-9088<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:investor.relations@bakerhughes.com\">investor.relations@bakerhughes.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Texas Singapore United States North America Asia Pacific<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Machinery Energy Manufacturing Oil\/Gas<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230905407220\/en\/1881362\/3\/Tellurian_Logo_-_RGB_-_JPG.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230905407220\/en\/1881364\/3\/Tellurian_and_Baker_Hughes_CEOs.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Tellurian CEO Octavio Simoes and Baker Hughes Chairman and CEO Lorenzo Simonelli sign equipment agreement at Gastech 2023 in Singapore (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230905407220\/en\/1881592\/3\/BakerHughes.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Tellurian and Baker Hughes Announce Agreement for Driftwood LNG Phase 1 Liquefaction Equipment SINGAPORE&#8211;(BUSINESS WIRE)&#8211; Tellurian Inc. (NYSE American: TELL) and Baker Hughes (NASDAQ: BKR) announced Wednesday an agreement to supply eight main refrigerant compression packages for Phase 1 of the Driftwood LNG project. The agreement secures a delivery schedule for the eight LM6000PF+ gas turbines, main refrigerant compressors, and control units required for Phase 1, supporting Driftwood\u2019s ability to achieve initial liquefied natural gas (LNG) production in 2027. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230905407220\/en\/ Tellurian CEO Octavio Simoes and Baker Hughes Chairman and CEO Lorenzo Simonelli sign equipment agreement at Gastech 2023 in Singapore (Photo: Business Wire) Baker Hughes is also on schedule to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/tellurian-and-baker-hughes-announce-agreement-for-driftwood-lng-phase-1-liquefaction-equipment-7\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Tellurian and Baker Hughes Announce Agreement for Driftwood LNG Phase 1 Liquefaction Equipment&#8221;<\/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-781919","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tellurian and Baker Hughes Announce Agreement for Driftwood LNG Phase 1 Liquefaction Equipment - 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-and-baker-hughes-announce-agreement-for-driftwood-lng-phase-1-liquefaction-equipment-7\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tellurian and Baker Hughes Announce Agreement for Driftwood LNG Phase 1 Liquefaction Equipment - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Tellurian and Baker Hughes Announce Agreement for Driftwood LNG Phase 1 Liquefaction Equipment SINGAPORE&#8211;(BUSINESS WIRE)&#8211; Tellurian Inc. (NYSE American: TELL) and Baker Hughes (NASDAQ: BKR) announced Wednesday an agreement to supply eight main refrigerant compression packages for Phase 1 of the Driftwood LNG project. The agreement secures a delivery schedule for the eight LM6000PF+ gas turbines, main refrigerant compressors, and control units required for Phase 1, supporting Driftwood\u2019s ability to achieve initial liquefied natural gas (LNG) production in 2027. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230905407220\/en\/ Tellurian CEO Octavio Simoes and Baker Hughes Chairman and CEO Lorenzo Simonelli sign equipment agreement at Gastech 2023 in Singapore (Photo: Business Wire) Baker Hughes is also on schedule to &hellip; Continue reading &quot;Tellurian and Baker Hughes Announce Agreement for Driftwood LNG Phase 1 Liquefaction Equipment&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/tellurian-and-baker-hughes-announce-agreement-for-driftwood-lng-phase-1-liquefaction-equipment-7\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-06T02:31:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mms.businesswire.com\/media\/20230905407220\/en\/1881364\/4\/Tellurian_and_Baker_Hughes_CEOs.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tellurian-and-baker-hughes-announce-agreement-for-driftwood-lng-phase-1-liquefaction-equipment-7\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tellurian-and-baker-hughes-announce-agreement-for-driftwood-lng-phase-1-liquefaction-equipment-7\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Tellurian and Baker Hughes Announce Agreement for Driftwood LNG Phase 1 Liquefaction Equipment\",\"datePublished\":\"2023-09-06T02:31:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tellurian-and-baker-hughes-announce-agreement-for-driftwood-lng-phase-1-liquefaction-equipment-7\\\/\"},\"wordCount\":760,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tellurian-and-baker-hughes-announce-agreement-for-driftwood-lng-phase-1-liquefaction-equipment-7\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20230905407220\\\/en\\\/1881364\\\/4\\\/Tellurian_and_Baker_Hughes_CEOs.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tellurian-and-baker-hughes-announce-agreement-for-driftwood-lng-phase-1-liquefaction-equipment-7\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tellurian-and-baker-hughes-announce-agreement-for-driftwood-lng-phase-1-liquefaction-equipment-7\\\/\",\"name\":\"Tellurian and Baker Hughes Announce Agreement for Driftwood LNG Phase 1 Liquefaction Equipment - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/tellurian-and-baker-hughes-announce-agreement-for-driftwood-lng-phase-1-liquefaction-equipment-7\/","og_locale":"en_US","og_type":"article","og_title":"Tellurian and Baker Hughes Announce Agreement for Driftwood LNG Phase 1 Liquefaction Equipment - Market Newsdesk","og_description":"Tellurian and Baker Hughes Announce Agreement for Driftwood LNG Phase 1 Liquefaction Equipment SINGAPORE&#8211;(BUSINESS WIRE)&#8211; Tellurian Inc. (NYSE American: TELL) and Baker Hughes (NASDAQ: BKR) announced Wednesday an agreement to supply eight main refrigerant compression packages for Phase 1 of the Driftwood LNG project. The agreement secures a delivery schedule for the eight LM6000PF+ gas turbines, main refrigerant compressors, and control units required for Phase 1, supporting Driftwood\u2019s ability to achieve initial liquefied natural gas (LNG) production in 2027. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230905407220\/en\/ Tellurian CEO Octavio Simoes and Baker Hughes Chairman and CEO Lorenzo Simonelli sign equipment agreement at Gastech 2023 in Singapore (Photo: Business Wire) Baker Hughes is also on schedule to &hellip; Continue reading \"Tellurian and Baker Hughes Announce Agreement for Driftwood LNG Phase 1 Liquefaction Equipment\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/tellurian-and-baker-hughes-announce-agreement-for-driftwood-lng-phase-1-liquefaction-equipment-7\/","og_site_name":"Market Newsdesk","article_published_time":"2023-09-06T02:31:50+00:00","og_image":[{"url":"https:\/\/mms.businesswire.com\/media\/20230905407220\/en\/1881364\/4\/Tellurian_and_Baker_Hughes_CEOs.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tellurian-and-baker-hughes-announce-agreement-for-driftwood-lng-phase-1-liquefaction-equipment-7\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tellurian-and-baker-hughes-announce-agreement-for-driftwood-lng-phase-1-liquefaction-equipment-7\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Tellurian and Baker Hughes Announce Agreement for Driftwood LNG Phase 1 Liquefaction Equipment","datePublished":"2023-09-06T02:31:50+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tellurian-and-baker-hughes-announce-agreement-for-driftwood-lng-phase-1-liquefaction-equipment-7\/"},"wordCount":760,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tellurian-and-baker-hughes-announce-agreement-for-driftwood-lng-phase-1-liquefaction-equipment-7\/#primaryimage"},"thumbnailUrl":"https:\/\/mms.businesswire.com\/media\/20230905407220\/en\/1881364\/4\/Tellurian_and_Baker_Hughes_CEOs.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tellurian-and-baker-hughes-announce-agreement-for-driftwood-lng-phase-1-liquefaction-equipment-7\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/tellurian-and-baker-hughes-announce-agreement-for-driftwood-lng-phase-1-liquefaction-equipment-7\/","name":"Tellurian and Baker Hughes Announce Agreement for Driftwood LNG Phase 1 Liquefaction Equipment - 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