U.S. Gas Developer Rattled as Indian Buyer Seeks Competing Deal [Yahoo! Finance News]
Tellurian Inc. (TELL)
Last tellurian inc. earnings: 2/24 07:00 am
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Source: Yahoo! Finance News
) -- An emerging U.S. natural gas developer, along with its $28 billion export project, has been rattled by the attempts of a potential major customer in India to probe the market for competing supplies, highlighting mounting pressure on sellers amid a global glut of the fuel. India’s largest liquefied natural gas buyer, Petronet LNG Ltd., has started soliciting offers for supply under terms similar to a tentative agreement it signed with Tellurian Inc. last year, according to people with knowledge of the matter. The Petronet tender, combined with the lack of a deal announcement that was expected during President Donald Trump’s visit to India this week, adds to doubts that Tellurian will be able to secure a sizable anchor investment from Petronet for its Driftwood LNG project, according to Michael Webber, managing partner of Webber Research & visory LLC. “It’s supportive of our overall skepticism of the deal,” he said. The combined news spooked investors, sending Tellurian shares down
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News
- Tellurian Shareholders Approves the $1.2 Billion Acquisition [Yahoo! Finance]Yahoo! Finance
- Tortoise Capital Announces Tortoise Decarbonization Infrastructure Index Constituent Changes Due to Corporate ActionAccesswire
- Tellurian Announces Approval of Merger Agreement Proposal [Yahoo! Finance]Yahoo! Finance
- Tellurian Announces Approval of Merger Agreement ProposalBusiness Wire
TELL
Earnings
- 5/2/24 - Beat
TELL
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