May 29 (Reuters) – Aethon Energy said on Wednesday it would buy Tellurian’s (TELL.A), opens new tab upstream assets for $260 million and signed a deal that could allow the investment firm to purchase two million tons per annum of liquefied natural gas from Tellurian’s Driftwood LNG plant.
Shares of the U.S. LNG developer rose 13.2% in premarket trading.
Reuters had reported earlier this month that Tellurian sent home more than a dozen workers from its upstream gas production business amid sale talks.
Source: REUTER
