Total signs 15-year LNG HoA with Tellurian
April 3, 2019
Total and Tellurian signed an HoA upon which Total will invest in Driftwood Holdings and will offtake 2.5 MTPA of LNG. More precisely:
– Total will make a $500 million equity investment in the Driftwood LNG and purchase 1 MTPA of LNG from the proposed project;
– Tellurian and Total will also enter into an SPA for a further 1.5 MTPA of LNG from Tellurian Marketing’s LNG offtake volumes from the Driftwood LNG. The SPA will be for the purchase of LNG on a FOB basis for a minimum term of 15 years, at a price based on the Platts JKM.
Edited from Total press release.