Petronet LNG to sign $2.5 billion U.S. gas deal during Trump's India visit [Reuters]
Tellurian Inc. (TELL)
Last tellurian inc. earnings: 2/24 07:00 am
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Source: Reuters
Petronet LNG to sign $2.5 billion U.S. gas deal during Trump's India visit NEW DELHI (Reuters) - India’s top gas importer Petronet LNG ( PLNG.NS ) and U.S. liquefied natural gas (LNG) developer Tellurian Inc ( TELL.O ) are preparing to sign a $2.5 billion deal during President Donald Trump’s maiden visit to New Delhi later this month, two sources familiar with the matter said. India and the United States have built close political and security ties and want to strengthen trade links, with Trump aiming to boost energy supplies to India, the world’s third biggest oil importer. Petronet will invest the money over a five-year period in Tellurian’s proposed $27.5 billion Driftwood LNG export project in Louisiana and the deal will give Petronet an equity stake in the project and rights for up to 5 million tonnes a year of LNG, the sources said. “Supplies will begin from 2024 and will be gradually raised to 5 million tonnes a year in 2028,” one of the sources said. The delivered price of
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News
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- Tellurian Announces Approval of Merger Agreement Proposal [Yahoo! Finance]Yahoo! Finance
- Tellurian Announces Approval of Merger Agreement ProposalBusiness Wire
- Tellurian's Dismissed Founder Souki Builds Woodside Stake After Deal [Yahoo! Finance]Yahoo! Finance
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Sec Filings
- 10/9/24 - Form 8-K
- 10/9/24 - Form 25-NSE
- 10/9/24 - Form POSASR
- TELL's page on the SEC website