Friday, September 11, 2020

Tellurian Postpones Permian Global Access Pipeline

Tellurianm dropped the Permian Global Access Pipeline from phase 1 of its plans to transform the global LNG market.  PGAP would've provided West Texas natural gas to the company's planned Driftwood terminal in Louisiana.  A company presentation indicated Tellurian deferred two pipelines.

PGAP crossed tributaries feeding Twin Buttes Reservoir and Lake Nasworthy.  Landowners along Spring Creek, Dove Creek and the South Concho River can breathe a sigh of relief for now.  

Tellurian could still develop the pipeline at a later date.  

Update 7-4-21:   Morgan Stanley said Tellurian will decide on the PGAP pipeline by June 2022. 

Update 3-10-23:  Tellurian's Chief Financial Officer resigned effective today according to an SEC filing.  The company's Chief Accounting Officer will assume the CFO duties.  That gentleman is a CPA but that means less and less in today's world of ethical lapses and distorted numbers.