Current TELL Stock Info

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 Tellurian subsidiary Driftwood Holdings L.P.

In addition, Total Gas & Power has entered into a sales and purchase agreement (SPA) with Tellurian to acquire an added 1.5 Mtpa of LNG offtake volumes from Driftwood. The SPA is for the purchase of LNG free on board at a price based on the Platts Japan Korea Marker.

Source: Driftwood LNG

The terms of the...

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