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French energy giant Total invests $700M more in Houston LNG co.

Olivia Pulsinelli
French energy giant Total invests $700M more in Houston LNG co.

Paris-based energy giant Total S.A. (NYSE: TOT) agreed to invest another $700 million into Houston-based Tellurian Inc. (Nasdaq: TELL) and its liquefied natural gas project. Total will make a $500 million equity investment in the Driftwood project, according to press releases from the companies. The project includes natural gas production, gathering, processing and transportation facilities plus Driftwood LNG, a proposed 27.6 million-tonnes-per-annum liquefaction export facility near Lake Charles, Louisiana.