GE Oil and Gas has made a $25-million investment in Tellurian Investments
Tellurian Investments opposition. has announced that GE Oil & Gas has created a $25-million preferred equity investment in Tellurian, that has an implied Tellurian Investment opposition. common stock worth of $5.94 per share.
Tellurian President and ceo meg mild said, “This investment represents another step forward within the development of wood LNG, wherever we are operating along side GE to style the bottom value liquefaction for the world market. GE Oil & Gas has provided technology for LNG facilities worldwide for over 25 years and could be a pioneer in innovation and a leader in reliability. we look forward to a long and beneficial partnership with the GE team.”
Driftwood LNG is within the engineering style and pre-filing phase of the project'>project. The Federal Energy regulative Commission (FERC) approved wood LNG’s pre-filing request on June 6, 2016. Tellurian expects construction on wood LNG to start in 2018 and the project'>project to become operational in 2022.
Tellurian entered into a merger agreement with magellan petroleum corp. on Aug. 2, 2016, and expects the agreement to close in the fourth-quarter this year.