AmericasCorporate

Tellurian to raise $105 million in share sale

By LNG Prime Staff
Tellurian to raise $105 million in share sale
Tellurian's co-founder and executive chairman Charif Souki (Image: Tellurian)

US LNG firm Tellurian said it would raise $105 million through a recently announced sale of its shares in an underwritten public offering.

Tellurian said in a statement it had priced the offering of 35 million shares of its common stock for total gross proceeds of $105 million. This is before underwriter’s compensation and estimated expenses.

In addition, the Driftwood LNG developer has granted the underwriter of the offering a 30-day option to purchase up to 5.25 million additional shares of common stock to cover over-allotments, if any.

The Houston-based company intends to use the net proceeds from this offering for general corporate purposes, including the potential acquisition of upstream assets.

Tellurian expects the offering to close on or about August 6, subject to satisfaction of customary closing conditions.

Most Popular

Vessels

Chinese yard nears completion of LNG bunkering vessel conversion

China’s Guangzhou Shipyard International has almost completed the conversion of the 28,000-cbm LNG carrier CNTIC VPower Global into an LNG bunkering vessel.
LNG as Fuel

TotalEnergies, CMA CGM get EU OK for LNG bunkering JV

French energy giant TotalEnergies and compatriot shipping firm CMA CGM have received approval from the European Commission to form a 50/50 logistics joint venture and operate an LNG bunkering supply solution at the Dutch port of Rotterdam.
LNG Terminals

Belgium’s Zeebrugge terminal to receive latest Golden Pass LNG cargo

The Fluxys-operated LNG import facility in the Belgian port of Zeebrugge is expected to receive another cargo from the Golden Pass LNG export terminal in Texas, owned by QatarEnergy and ExxonMobil, according to shipping data.

More News Like This

Corporate

CCEC names Martin Houston as chairman

LNG carrier owner Capital Clean Energy Carriers (CCEC) has appointed Martin Houston, former chief operating officer of BG and co-founder of Tellurian, as its chairman.
LNG Terminals

Work progresses on Woodside’s Louisiana LNG export plant

Australian LNG player Woodside is moving forward with construction work on its Louisiana LNG export terminal.
Contracts and Tenders

Woodside, Stonepeak wrap up Louisiana LNG stake sale

Australian LNG player Woodside has completed the previously announced sell-down of a 40 percent stake in its Louisiana LNG project to US private equity firm Stonepeak.
Contracts and Tenders

Aramco plans to join Woodside’s Louisiana LNG project

Saudi Arabia’s energy behemoth Aramco plans to take a stake in Woodside's Louisiana LNG export project.