French Supermajor Total Buys 23% Stake in Tellurian LNG
December 20, 2016
Total, a French multinational integrated oil and gas company and one of the six “Supermajor” oil companies in the world, has just purchased a 23% stake in Tellurian Investments for $207 million. Tellurian is building the Driftwood LNG export facility in southern Louisiana (see Fired Cheniere Energy CEO Charif Souki’s Revenge: Driftwood LNG). Tellurian CEO Charif Souki was fired one year ago this month by Carl Icahan from Cheniere Energy, the LNG exporting company he co-founded (see Evil Corporate Raider Carl Icahn Claims Another CEO Scalp). We used to feel bad for Souki, but no more–not since he made an ass of himself by saying in a CNBC interview he would reconsider his American citizenship if Donald Trump won the presidency (see Will Charif Souki Renounce His American Citizenship?). We’re still waiting for Souki to go back to his native Egypt–or perhaps now, to France. That would be fitting. At any rate, here’s the details on Total investing in Souki’s Tellurian investments, which is a play to get in on the hot LNG export action in the U.S….