India’s Petronet signs initial deal to invest, buy LNG from Tellurian


India’s Petronet signs initial deal to invest, buy LNG from Tellurian

Indian gas importer Petronet LNG on Thursday signed an initial agreement with Tellurian Inc to invest in its proposed Driftwood project in Louisiana in the United States and buy liquefied natural gas (LNG), Tellurian said in a statement.

The deal, reached during a high level U.S.-India commercial dialogue to advance trade and investment, will represent Petronet’s first U.S. investment if it works out.

Amos Hochstein, Senior Vice President in Tellurian Inc, signed the memorandum of understanding with a Petronet LNG official via a video link in the presence of Prabhat Singh, managing director of the Indian company. Read More

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