Aethon Energy to buy Tellurian upstream assets for $260 MM
5/29/2024
Aethon Energy will acquire Tellurian's upstream assets for $260 MM and purchase 2 MMtpy of LNG from its Driftwood LNG plant, the companies said on Wednesday.
Shares of Tellurian were up 6.1% in premarket trading. Reuters reported earlier this month that U.S. LNG developer Tellurian had sent home more than a dozen workers from its upstream gas production business amid sale talks.
Tellurian said on Wednesday it would use the proceeds from the transaction to reduce borrowings and for general corporate purposes.
The transaction is expected to close during the second quarter.
Related News
Related News
Sign up to Receive Our Newsletter
![](/media/1042/gpenews_300x140.jpg)
- Power Knot LLC receives continued orders from ExxonMobil PNG for food waste digester consumables, spare parts
- Australia's Woodside Energy to buy US LNG developer Tellurian for $1.2 billion
- WhiteWater's ADCC Pipeline in South Texas begins transporting natural gas
- Gasum powers Equinor's platform supply vessel with bio-LNG
- Oman plans third LNG train, boosting domestic production to more than 15 MMtpy
- ONEOK to acquire Medallion and controlling interest in EnLink for $5.9 B
- Desert Mountain Energy Corp. initiates helium production
- WhiteWater's ADCC Pipeline in South Texas begins transporting natural gas
- Oman plans third LNG train, boosting domestic production to more than 15 MMtpy
- Brazil's fossil push undermines Lula's green ambitions
Comments