[Context: Tellurian, a developer of a LNG export project in Louisiana, sold a 23% stake for $207m to French supermajor Total, valuing the start up at $900m – nearly becoming a unicorn.]

Total makes $207 million investment in Tellurian to develop integrated gas project

Houston/Paris – 2016/12/20 – Tellurian Investments Inc. (“Tellurian”) and Total announce today that Total is acquiring approximately 23% of Tellurian at $5.85 per share for an amount of 207 million dollars to develop an integrated gas project, from the acquisition of competitive gas production in the US to the delivery of LNG to international markets from the Driftwood LNG terminal.

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