Driftwood LNG, Bear Paw Pipeline, Lake Charles Exports, Louisiana Coastal Lawsuit, ExxonMobil, Natural Gas Conversion Co., REV LNG, PTT Global Chemical, Kinder Morgan, LyondellBasell

摘要

Magellan Petroleum Corp. and Tellurian Investments Inc., a recently formed private company focused on devel- oping a mid-scale liquefed natural gas (LNG) facility on the U.S. Gulf Coast, have agreed to merge. The boards of each company have approved the deal; shareholder and regula- tory approvals are still required, with closing expected by the end of the year. Each share of Tellurian is to be converted into the right to receive 1.30 shares of Magellan. Magellan would issue 122 million shares of common stock to Tellurian shareholders, representing about 95% of pro forma out- standing common stock. Tellurian is developing Driftwood LNG, a 26-million tonne liquefaction project in Louisiana (see Daily GPI, May 13).