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Petronet to invest $2.5 billion in Tellurian Inc for 5 million tons of US LNG

Monday, September 23, 2019, 8:24 AM

India's largest LNG importer Petronet will invest USD 2.5-billion for nearly 20% equity stake in US energy major Tellurian Inc's Driftwood project to negotiate the purchase of 5-million tons of gas per annum. The Houston-based Tellurian and PLL signed an MOU on Saturday under which the Indian company and its affiliates will import 5 million tons of LNG from America over a 40-year period.