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Total and Tellurian finalize Driftwood Equity Investment and LNG SPA

July 10, 2019

Total and Tellurian finalize Driftwood Equity Investment and LNG SPA

Following the HOA signed in April 2019, Tellurian announced that it has entered into definitive agreements with subsidiaries of Total, for Total Gas & Power to purchase 1 MTPA of LNG from the Driftwood LNG terminal and for Total Delaware to invest $500 million in Driftwood Holdings. In addition, Tellurian and Total Gas & Power entered into a definitive SPA for an additional 1.5 MTPA of LNG from Tellurian’s LNG offtake volumes from Driftwood. The SPA is for the purchase of LNG FOB at a price based on the Platts JKM.

Edited from TELLURIAN press release