GE Oil & Gas (GE) Invests $25M in Tellurian Investments (MPET)
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GE Oil & Gas Makes $25 Million Investment in Tellurian Investments
November 28, 2016 8:00 AM ESTTellurian developing 26 million tonnes per annum liquefied natural gas export facility Driftwood LNG
HOUSTON--(BUSINESS WIRE)-- Tellurian Investments Inc. (Tellurian) announced today that GE Oil & Gas has made a $25 million preferred equity investment in Tellurian which has an implied Tellurian Investment Inc. Common Stock value of $5.94 per share.
Tellurian President and CEO Meg Gentle said, This investment represents another step forward in the development of Driftwood LNG, where we are working together with GE to design the lowest cost liquefaction for the global market. GE Oil & Gas has provided technology for LNG facilities... More
