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Tellurian Announces Binding Open Season for the Permian Global Access Pipeline

HOUSTON–(BUSINESS WIRE)–lt;a href="https://twitter.com/hashtag/LNG?src=hash" target="_blank"gt;#LNGlt;/agt;–Tellurian (NASDAQ: TELL) announced today that its subsidiary Permian
Global Access Pipeline LLC is conducting a binding open season to secure
prospective shippers for its proposed PGAP project (PGAP). PGAP is a
proposed 42-inch diameter interstate natural gas pipeline originating at
the Waha Hub in Pecos County, Texas, and terminating at Gillis,
Louisiana, north of Lake Charles, Louisiana. The pipeline connects the
prolific Permian Basin in Texas to the rapidly growing natural gas
market in Southwest Louisiana. PGAP is estimated to cost approximately
~$3.7 billion to construct and will have the capacity to transport at
least two billion cubic feet of natural gas a day. Construction could
begin as early as 2021 and the pipeline is targeted to be in service as
early as 2023.

PGAP is part of Tellurian’s proposed pipeline network. The network
represents an anticipated overall investment of approximately ~$7.3
billion in U.S. infrastructure, and is expected to create approximately
15,000 jobs in Texas and Louisiana. The investment is incremental to the
$15.2 billion investment that Tellurian plans for Driftwood LNG, a
proposed liquefied natural gas (LNG) export facility near Lake Charles,
Louisiana.

President and CEO Meg Gentle said, “Permian producers have recently paid
$9.00 per mmBtu to move their natural gas away from the wellhead,
reflecting the acute need for infrastructure development in the basin.
By contrast, Southwest Louisiana is a market expected to grow 300% in
the next five years. The Permian Global Access Pipeline is critical
infrastructure that will interconnect stranded Permian gas production
with growing markets, reduce flaring, and provide a valuable cleaner
fuel to reduce urban pollution and carbon globally.”

The open season will begin at noon Central time on Monday, April 8, 2019
and runs through Friday, May 24, 2019 at 4 p.m. Central time. Interested
parties are encouraged to contact Joey Mahmoud, President of PGAP or Mac
Broderick, VP of PGAP at +1.832.962.4000 for more information.

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.
Follow us on Twitter at twitter.com/TellurianLNG

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 cost, construction, capacity, timing
and impact of the PGAP project and Tellurian’s other projects, and the
PGAP open season. 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 filings of Tellurian with the Securities
and Exchange Commission, 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.

Contacts

Media:
Joi Lecznar
SVP Public Affairs and Communication
Phone
+1.832.962.4044
[email protected]
Investors:
Amit
Marwaha
Director, Investor Relations
Phone +1.832.485.2004
[email protected]