UPDATE 2-Tellurian signs 10-year LNG agreement with Vitol for 3 MTPA [Reuters]
Tellurian Inc. (TELL)
Last tellurian inc. earnings: 2/24 07:00 am
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Source: Reuters
The logo of Tellurian Inc is seen in its booth at Gastech, the world's biggest expo for the gas industry, in Chiba, Japan April 4, 2017. REUTERS/Toru Hanai U.S. liquefied natural gas (LNG) developer Tellurian Inc (TELL.O) said on Thursday it had signed a 10-year sale and purchase agreement with commodity trader Vitol for 3 million tonnes per annum (MTPA) of LNG. It is the second 10-year, 3-MTPA agreement Tellurian has announced in a week, following a deal with commodity trader Gunvor Group. Each deal is worth about $12 billion in revenue over the contract period. Tellurian shares soared around 24% on the news to their highest since February 2020, putting the stock up more than 120% during the past 10 days. The LNG would come from Tellurian's proposed 27.6-MTPA Driftwood export project in Louisiana. read more Tellurian Executive Chairman Charif Souki said in a video this week that the company remained "highly confident we will start construction this summer and issue notice to proceed
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- Gas Tycoon Charif Souki Owes Lenders $100 Million, Judge Rules [Yahoo! Finance]Yahoo! Finance
- Gas Tycoon Charif Souki Owes Lenders $100 Million, Judge Rules [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Gas Tycoon Charif Souki Owes Lenders $100 Million, Judge Rules [BNN Bloomberg (Canada)]BNN Bloomberg
- Tellurian Executive Chairman ‘Encouraged' by Progress [Yahoo! Finance]Yahoo! Finance
- Tellurian Makes Leadership Changes [Yahoo! Finance]Yahoo! Finance
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