Total buys stake in Tellurian to develop U.S. natural gas project

French energy company Total S.A. will buy a 23% stake in Tellurian Investments, a U.S. natural gas projects operator, for $207 million as Total “pursues its drive to secure more downstream [natural] gas market share,” according to Reuters. The news service says Total and Tellurian will jointly develop an integrated U.S. natural gas project from production to delivering liquefied natural gas (LNG) to international markets. Tellurian's' Driftwood LNG project near Lake Charles, Louisiana, currently in the engineering design phase, aims to be the lowest-cost LNG producer on the U.S. Gulf Coast, Reuters says. For more, read the full story.

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