Petronet LNG and Tellurian to sign US$2.5 billion agreement
Published by David Rowlands,
Editor
LNG Industry,
According to two sources with knowledge of the matter, Petronet will invest in Tellurian’s proposed US$27.5 billion Driftwood LNG export project over a period of five years. The deal will give Petronet an equity stake in the project and rights for up to 5 million tpy of LNG.
According to Reuters, one of the sources said that supplies will commence in 2024, and will gradually increase to 5 million tpy in 2028. The source went on to say that the delivered price of gas to India would be lower than US$6/million Btu. This will reportedly work out at approximately 30% cheaper than the country’s current long-term contracts with Qatar.
This latest development follows a preliminary non-binding deal that was signed in September 2019, when Prime Minister Narendra Modi visited the US.
Read the article online at: https://www.lngindustry.com/liquefaction/03022020/petronet-lng-and-tellurian-to-sign-us25-billion-agreement/
You might also like
Eight new LNG carriers will feature Wärtsilä reliquefaction systems
Following an earlier newbuild programme in June 2022 for four new vessels, the company has now been awarded the contract to supply reliquefaction systems for a further eight ships.
