CHAT with TELL | Two minutes with Executive Chairman Charif Souki on the European gas price increase
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This translates into, in terms of what Driftwood is going to do, an extremely profitable project for us. There is now a gap between American prices and global prices that is very significant and likely to last for a very long time. So we will be able to, eventually, produce 1.5 trillion cubic feet of natural gas a year, which we will produce or buy in the United States between $3 and $5, and sell on the water between $15 and $25. That is, the cash flow annually could be somewhere between $12 billion and $20 billion a year.
Guest: Charif Souki | Executive Chairman, Tellurian Inc.
#Tellurian 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 “TELL.”
CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS
This presentation contains forward-looking statements within the meaning of U.S. federal securities laws. The words “anticipate,” “assume,” “believe,” “budget,” “estimate,” “expect,” “forecast,” “initial,” “intend,” “may,” “plan,” “potential,” “project,” “proposed,” “should,” “will,” “would,” and similar expressions are intended to identify forward-looking statements. Forward-looking statements herein relate to, among other things, Tellurian’s prospects and profitability, natural gas and LNG prices (and geographic disparities between those prices), Driftwood’s production, costs and cash flows, and construction activities at Driftwood. The forward-looking statements are subject to numerous risks and uncertainties. These risks and uncertainties 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. The forward-looking statements in this presentation speak as of October 19, 2021, the date it was posted. 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.
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