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Total will take Toshiba's US LNG business

Energy Major Total will take over Toshiba’s US LNG business and receive $800m in cash. Under the deal, Toshiba will transfer its 20-year, 2.2m tpa liquefaction rights from Freeport LNG train 3 to Total by the end of the year, freeing itself from an obligation to purchase at a fixed price

The deal will boost Total’s US LNG portfolio to 7m tpa by 2020

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