By Tyler Losier, Energy Reporter, Oil & Gas 360 Total commits to purchasing an aggregate of 2.5 Mtpa Total S.A. (stock ticker: TOT), through its subsidiaries Total Delaware and Total Gas & Power North America, has entered into a definitive agreement to purchase 1 Mtpa from Tellurian’s (stock ticker: TELL) Driftwood LNG terminal. Total will also invest $500 million in
Yesterday, natural gas-based Tellurian Inc.’s (stock ticker: TELL) subsidiary company Tellurian Trading UK Ltd. entered into an MOU to supply 1.5 mtpa of liquefied natural gas (LNG) from the proposed Driftwood LNG export terminal. The transaction price is based on the Platts Japan Korea Marker (JKM) and is for a minimum term of 15 years. Under the MOU, Tellurian and
Lowers investment to $500/ton, down from $1,500/ton Project debt will rise under adjusted proposal From S&P Global Platts Houston — Tellurian is sharply cutting the equity buy-in for potential partners in a bid to make its business model to finance construction of its proposed Driftwood LNG export terminal more attractive. The revised offering, disclosed in an investor presentation filed with the
Tellurian Inc. (ticker: TELL) has priced an underwritten public offering of 10,000,000 shares of its common stock at a price to the public of $10.00 per share, for total gross proceeds (before underwriters’ compensation and estimated expenses) of $100.0 million. The size of the offering was increased from the previously announced size of 8,000,000 shares. The company has granted the
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