Tellurian Inc.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Climate Change
- Environmental Stewardship
- Governance
Environmental Achievements
- 20% lower emissions via leading gas turbine technology
- Minimizing flaring via development of warm start-up sequence
- Reduction in Scope 1 emissions by maximizing welded pipe connections
- Creation of North America’s first near-zero emission pipeline due to electric compression technology
- Emission-free actuators installed on more than 90% of pipeline valves
- Committed to create ~3,000 acres of restored coastal marsh, which is 4x regulatory requirement
Social Achievements
- Largest privately funded marsh restoration project in the Gulf Coast area
- Partnered with Stream Wetland Services, one of the leading wetland experts in Louisiana
Governance Achievements
- Appointment of Executive Chairman, Martin Houston
- Leadership succession and renewal process
Climate Goals & Targets
Long-term Goals:
- Expand Driftwood LNG capacity to ~60 mtpa
Medium-term Goals:
- Produce first LNG by 2028
Short-term Goals:
- Complete financing arrangements for Driftwood LNG Phase 1
Environmental Challenges
- Financial challenges requiring balance sheet strengthening
- Need to secure financing for Driftwood LNG project
- Upstream gas production business less strategically aligned with core LNG focus
Mitigation Strategies
- Reduced corporate overhead
- Amended debt agreements to improve liquidity
- Exploring options to monetize upstream gas production business
- Seeking equity partners and sales and purchase agreements for Driftwood LNG