Charif Souki’s new LNG startup took a major step toward development, as French supermajor Total acquired a 23% stake in Tellurian Investments. Total is paying $5.85 per share for a total investment of $207 million. The French giant’s buy-in is the latest move in a string of efforts by Tellurian during 2H16 to secure the $12 billion it needs to build its 26 mtpa Driftwood LNG export facility in Calcasieu Parish, Louisiana. “Investing in......
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