We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Tellurian (TELL) to Build Electric-Driven Pipeline in Lousiana
Read MoreHide Full Article
Tellurian Inc. (TELL - Free Report) , through its wholly-owned subsidiary, Driftwood Pipeline LLC, filed an application with the Federal Energy Regulatory Commission (“FERC”) to construct and operate the newly-proposed Line 200 and 300 pipeline project in Louisiana.
The Line 200 pipeline project involves a 37-mile dual 42-inch interstate pipeline system, which will originate at Ragley in Beauregard Parish and end at Carlyss in Calcasieu Parish of Louisiana. The pipeline will be constructed in two phases, of which phase one is Line 200 and phase two is Line 300. Notably, Line 300 involves a 31-mile pipeline, which could be in service by December 2026.
The new pipeline system will offer increased availability of supplies to address the rising demand from the industrial, petrochemical, manufacturing and Liquefied Natural Gas ("LNG") facilities in and around the Lake Charles area. It is expected to connect the supply gap located north of Lake Charles to the demand located within and south of the area.
As part of the design, Driftwood Pipeline is planning to deploy electric-driven compression, which will be supplied by Baker Hughes (BKR - Free Report) , to reduce the pipeline’s carbon emissions by more than 99%. Markedly, the project will result in a significant reduction of nearly one million tons of direct greenhouse gas emissions per year.
Tellurian is planning to sign a long-term lease for its proposed Driftwood LNG facility and start preparing the site for construction. Notably, the Driftwood LNG export terminal will be located near the proposed Line 200 and Line 300 expansion pipeline system. The pipeline expansion is part of a larger system network planned by the company to supply LNG to its Driftwood facility.
The latest pipeline design offers significant results in emission reduction and takes Tellurian a step ahead to implement its overall strategy to support and maintain the world’s energy requirements and environmental conditions. The company expects to receive FERC approval by the end of 2022 and plans to begin construction activities in 2024.
Company Profile & Price Performance
Headquartered in Houston, TX, Tellurian is a liquefied natural gas developer.
Shares of the company have outperformed the industry in the past six months. Its stock has gained 203.7% compared with the industry’s 34.8% growth.
Image Source: Zacks Investment Research
Zacks Rank & Stocks to Consider
The company currently carries a Zack Rank #3 (Hold).
Over the past 60 days, the Zacks Consensus Estimate for Repsol’s 2021 earnings has been raised by 21.8%.
Exxon’s earnings for 2021 are expected to rise 13% year over year.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
Image: Bigstock
Tellurian (TELL) to Build Electric-Driven Pipeline in Lousiana
Tellurian Inc. (TELL - Free Report) , through its wholly-owned subsidiary, Driftwood Pipeline LLC, filed an application with the Federal Energy Regulatory Commission (“FERC”) to construct and operate the newly-proposed Line 200 and 300 pipeline project in Louisiana.
The Line 200 pipeline project involves a 37-mile dual 42-inch interstate pipeline system, which will originate at Ragley in Beauregard Parish and end at Carlyss in Calcasieu Parish of Louisiana. The pipeline will be constructed in two phases, of which phase one is Line 200 and phase two is Line 300. Notably, Line 300 involves a 31-mile pipeline, which could be in service by December 2026.
The new pipeline system will offer increased availability of supplies to address the rising demand from the industrial, petrochemical, manufacturing and Liquefied Natural Gas ("LNG") facilities in and around the Lake Charles area. It is expected to connect the supply gap located north of Lake Charles to the demand located within and south of the area.
As part of the design, Driftwood Pipeline is planning to deploy electric-driven compression, which will be supplied by Baker Hughes (BKR - Free Report) , to reduce the pipeline’s carbon emissions by more than 99%. Markedly, the project will result in a significant reduction of nearly one million tons of direct greenhouse gas emissions per year.
Tellurian is planning to sign a long-term lease for its proposed Driftwood LNG facility and start preparing the site for construction. Notably, the Driftwood LNG export terminal will be located near the proposed Line 200 and Line 300 expansion pipeline system. The pipeline expansion is part of a larger system network planned by the company to supply LNG to its Driftwood facility.
The latest pipeline design offers significant results in emission reduction and takes Tellurian a step ahead to implement its overall strategy to support and maintain the world’s energy requirements and environmental conditions. The company expects to receive FERC approval by the end of 2022 and plans to begin construction activities in 2024.
Company Profile & Price Performance
Headquartered in Houston, TX, Tellurian is a liquefied natural gas developer.
Shares of the company have outperformed the industry in the past six months. Its stock has gained 203.7% compared with the industry’s 34.8% growth.
Zacks Rank & Stocks to Consider
The company currently carries a Zack Rank #3 (Hold).
Some better-ranked players in the energy space are Repsol SA (REPYY - Free Report) and Exxon Mobil Corporation (XOM - Free Report) , each currently sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Over the past 60 days, the Zacks Consensus Estimate for Repsol’s 2021 earnings has been raised by 21.8%.
Exxon’s earnings for 2021 are expected to rise 13% year over year.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>