Skip to main content

Petronet LNG and Tellurian to sign US$2.5 billion agreement

Published by
LNG Industry,

According to Reuters, Petronet LNG and Tellurian Inc. are set to sign a deal worth US$2.5 billion during President Donald Trump’s trip to New Delhi, India, this month.

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:

You might also like

 STATS Group

[WEBINAR] Digital Shipbuilding: A Transparent and Real-Time View of the Fabrication Process is Possible

In this webinar, Ismo Piirainen and David Whittle of Hexagon PPM will be discussing the digitalisation and digital transformation trends driving Industry 4.0, especially when it comes to fabrication. Register for free today »


Total awards two LNG agreements to Worley

Worley has announced that it been awarded two master service agreements by Total E&P Mozambique Area 1 Limitada to provide services to the Mozambique LNG project.


Embed article link: (copy the HTML code below):


LNG Industry is not responsible for the content of external internet sites.