How possible sanctions against Russia will $TELL
Some say war is bad for business but in this case not for $TELL at least.
Annalena Baerbock, German foreign minister, told that the Nord Stream 2 pipeline, which would supply natural gas from Russia to Germany, was included in the sanctions package and the US state department said that Nord Stream 2 would “not move forward” if Russia invaded Ukraine.
Europe’s willingness to target Russia’s vast hydrocarbons industry could affect European companies including BP, Total and Shell, which invest in the Russian gas sector. Russia is one of the world’s largest producers of oil and gas, but its energy sector relies on joint ventures with foreign companies as well as international technology and expertise.
Last year Shell signed a five-year “strategic co-operation” agreement with Gazprom, having already worked with the company on the development of LNG projects in Russia’s far east. This agreement is definitely getting shelved in the event of war.
This means that Europe needs new suppliers, which can accelerate the funding process of Tellurian’s LNG project.
Side note for you bozo’s: The Federal Energy Regulatory Commission (FERC) adopted new criteria they will use to grant approval for gas facilities and pipelines. The criteria is more stringent and includes carbon emissions and impacts on communities. But for $TELL it shouldn’t be a problem since their facility and Driftwood pipeline were already approved. The Line 200/300 pipeline DOESN’T have FERC approval yet, but the pipeline runs along an existing pipeline and has a reduced carbon footprint so impacts to the community and carbon emissions shouldn’t prevent it from getting approval under the new criteria. Worst case scenario the FERC approval is delayed which is not a huge issue. Phase 1 (11mt/year) of Driftwood needs 1.5bcf/day of gas feed and the full 27.6mt/year facility needs 4bcf/day of feed. The Driftwood Pipeline that is already approved can accommodate 4bcf/day so that pipeline is more than enough for now and could cover the full needs until Line 200/300 is approved (if it’s delayed). [possible explanation why the prices dipped last friday]
So basically Tellurian is a great bet but be carefull!
This is not financial advice. Do your own DD.
Position: 300 shares @2.50
Submitted February 21, 2022 at 10:46AM by PrivateSergant
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