UPDATE 1-India Petronet signs initial deal to invest, buy LNG from Tellurian [Reuters]
Tellurian Inc. (TELL)
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Source: Reuters
UPDATE 1-India Petronet signs initial deal to invest, buy LNG from Tellurian (Adds details, confirmation) By Nidhi Verma NEW DELHI, Feb 14 (Reuters) - 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. Hochstein was part of the delegation that was meant to accompany U.S. Commerce Secretary Wilbur Ross but the trip was cancelled due to bad weather in the United States. India is expanding its pipeline network and building new L
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