Tellurian Finalizes Driftwood LNG Agreements With Total
10 Julio 2019 - 7:10PM
Noticias Dow Jones
By Josh Beckerman
Tellurian Inc. (TELL) said it finalized agreements for Total SA
(FP.FR, TOT) to make an equity investment in Tellurian's Driftwood
liquefied natural gas project in Louisiana and buy LNG from the
project.
The terms, including a $500 million equity investment by Total,
are consistent with plans the companies disclosed in April.
Tellurian said Wednesday that the agreements establish Driftwood
as a joint venture partnership with an implied value of $13.8
billion. Tellurian expects a final investment decision in 2019.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
July 10, 2019 19:55 ET (23:55 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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