HOUSTON – Tellurian announced today that its subsidiary Permian Global Access Pipeline is conducting a binding open season to secure prospective shippers for its proposed PGAP project.
PGAP is part of Tellurian’s proposed pipeline network. The network represents an anticipated overall investment of $7.3 billion in U.S. infrastructure, and is expected to create 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 LNG export facility near Lake Charles, Louisiana.
President and CEO Meg Gentle said, “Permian producers have recently paid $9 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 April 8 and run through May 24.