News: TotalEnergies Enters Into Infrastructure Agreement With GIP On Gladstone LNG

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    July 13 (Reuters) - TotalEnergies SE TTEF.PA :

    • TOTALENERGIES SE AUSTRALIA: TOTALENERGIES ENTERS INTO AN INFRASTRUCTURE AGREEMENT WITH GIP ON GLADSTONE LNG
    • COMPLETED A TRANSACTION WITH GIP AUSTRALIA (GIP) IN RELATION TO DOWNSTREAM FACILITIES OF GLADSTONE LNG PROJECT
    • FOR A CONSIDERATION OF MORE THAN US$ 750 MILLION, WITH EFFECTIVE DATE JANUARY 1, 2021.
    • TGA RETAINS FULL CONTROL AND OWNERSHIP OF ITS 27.5% INTEREST IN GLADSTONE LNG DOWNSTREAM JOINT VENTURE
    • GIP WILL RECEIVE THROUGHPUT-BASED TOLLING FEE CALCULATED ON TGA'S SHARE OF GAS PROCESSED THROUGH DOWNSTREAM FACILITIES OVER 15 YEARS
 
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