Aethon Energy will acquire Tellurian s upstream assets for $260 million and purchase two million tons per annum (mtpa) of liquefied natural gas (LNG) from its Driftwood LNG plant, the companies said on Wednesday.
Top executives of U.S. liquefied natural gas developer Tellurian Inc TELL.A could earn tens of millions of dollars if its proposed Driftwood LNG plant gets a green light, or if company is sold, a proxy filing released on Thursday showed. [Driftwood LNG]
Tellurian had previously said that it was looking at all options, including a potential sale, to keep its Driftwood LNG export project alive. The company's shares lost 55% of their value in 2023 as Tellurian has been unable to attract commercial support for the project and is yet to give it a financial green light. David Belhumeur, who took over as the company's president last December, could earn $15 million, finance chief Simon Oxley $12 million and accounting chief Khaled Sharafeldin $4.5 million, under the company's Driftwood Incentive Program.
Top Tellurian Executives Poised for Big Payday if LNG Plant Goes Ahead usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Top executives of U.S. liquefied
natural gas developer Tellurian Inc could earn tens of
millions of dollars if its proposed Driftwood LNG plant gets a
green light, or if company is sold, a proxy.