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TOT TOTAL SE

48.30
0.00 (0.00%)
02 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
TOTAL SE NYSE:TOT NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 48.30 0 01:00:00

Tellurian Finalizes Driftwood LNG Agreements With Total

11/07/2019 1:10am

Dow Jones News


TOTAL (NYSE:TOT)
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   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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