Newest FERC Approval Puts Tellurian’s Driftwood LNG on Track for 2019 FID, Construction Start

Tellurian Inc. (Tellurian) (NASDAQ: TELL) announced today that the U.S.
Federal Energy Regulatory Commission (FERC) has issued the order
granting authorization for Driftwood LNG, a proposed ~27.6 million
tonnes per annum (mtpa) liquefaction export facility near Lake Charles,
Louisiana, and the associated Driftwood pipeline, a 96-mile proposed
pipeline connecting to the facility (collectively, the Driftwood
project).

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Rendering of Driftwood LNG (Graphic: Business Wire)

President and CEO Meg Gentle said, “Tellurian thanks FERC and other
state and federal agencies for their diligence and for working alongside
our team over the past three years to ensure that we bring the Driftwood
project to the market safely and efficiently. We look forward to
beginning construction and delivering first LNG in 2023.”

About Tellurian Inc.

Tellurian was founded by Charif Souki and Martin Houston and is led by
President and CEO Meg Gentle. 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 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”.

For more information, please visit www.tellurianinc.com.
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CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS

This press release 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, the capacity, timing, and other aspects
of the Driftwood project, including a final investment decision relating
to the project. 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, 2018, and other Tellurian filings with the Securities and
Exchange Commission, all of which are incorporated by reference herein.
The final investment decision relating to the Driftwood project is
subject to the completion of financing arrangements that may not be
completed within the time frame expected or at all. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190418005481/en/

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