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Issue 12 2019 - Total acquires Toshiba's LNG business

 Last Update: 2022-11-11
 Source: Internet
 Author: User

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Total announced the acquisition of Toshiba's
U.
S.
LNG business
, which Toshiba is responsible for.

According to the announcement, Total has signed an agreement with Toshiba to acquire all shares of Toshiba American LNG for a total of $15 million
.
Toshiba will pay Total $815 million as contractual succession consideration for its contractual rights and obligations with the U.
S.
LNG Company
.
Total will take over Toshiba's LNG investment portfolio
.
The acquisition is expected to close
by the end of 2019.
Total plans to export 7 million tons
of LNG annually by 2020.

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