Total to Acquire 23% of Tellurian at $5.85 Per Share
December 20 2016 - 4:09AM
Dow Jones News
By Nick Kostov
PARIS--Total SA Tuesday said it has made a $207 million
investment in Tellurian Investments Inc. to develop an integrated
gas project.
The French oil major said it is acquiring approximately 23% of
Tellurian--a private company founded in 2016 and based in Houston,
Texas--at $5.85 per share.
"Investing in Tellurian at an early stage will give us the
opportunity to potentially strengthen our mid and long term
[liquefied natural gas ] portfolio thanks to a very cost
competitive project," said Philippe Sauquet, Total's president of
gas, renewables and power.
Write to Nick Kostov at nick.kostov@wsj.com
(END) Dow Jones Newswires
December 20, 2016 03:54 ET (08:54 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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