Total and Tellurian finalize Driftwood Equity Investment and LNG SPA

July 10, 2019

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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