Gulf Oil and Gas accountACCOUNT

Tellurian & Petronet Sign MOU for Up to 5 Million Tonnes of LNG

Source: www.gulfoilandgas.com 9/21/2019, Location: North America

Tellurian Inc. (Tellurian) (TELL) and Petronet LNG Limited INDIA (PLL) announced that the two companies have signed a Memorandum of Understanding (MOU) wherein Petronet and its affiliates intend to negotiate the purchase of up to five million tonnes per annum (5 mtpa) of liquefied natural gas (LNG) from Driftwood, concurrent with its equity investment, which remains subject to further due diligence and approval of its board of directors.

Tellurian and Petronet will endeavor to finalize the transaction agreements by 31 March 2020.

President and CEO Meg Gentle said, “Petronet, India’s largest LNG importer, will be able to deliver clean, low-cost, and reliable natural gas to India from Driftwood.

Increasing natural gas use will enable India to fuel its impressive economic growth to achieve Prime Minister Modi’s goal of a $5 trillion economy while contributing to a cleaner environment. It is an honor to sign the MOU with Petronet in the presence of H.E. Prime Minister Narendra Modi.

At Tellurian, we look forward to a long and prosperous partnership with Petronet in the Driftwood project.” The Driftwood project includes natural gas production, gathering, processing, and transportation facilities, along with Driftwood LNG, a proposed ~27.6 mtpa liquefaction export facility that will be located near Lake Charles, Louisiana on the U.S. Gulf Coast.

In April, the U.S. Federal Energy Regulatory Commission (FERC) issued the order granting authorization for Driftwood LNG and the 96-mile Driftwood Pipeline, which will inter-connect the LNG terminal to the U.S. natural gas market.

LNG Processing News in United States >>

Brazil >>  7/6/2020 - Golar Power Limited (Golar Power) announces that it has signed an agreement with Galileo Technologies for the provision of LNG liquefaction solutions ...
Brazil >>  7/2/2020 - Golar Power, one of the world’s largest LNG integrated companies, entered into a strategic alliance with Galileo Technologies, which will provide its ...

United States >>  6/19/2020 - Venture Global LNG, Inc. is proud to announce that Calcasieu Pass LNG has begun installing the first equipment to liquefy natural gas at its export fa...
South Africa >>  6/18/2020 - Emerging domestic natural gas and helium producer Renergen is pleased to announce that Total South Africa Proprietary Limited (“Total”) and the Compan...

Mongolia >>  6/12/2020 - Elixir Energy Limited (Elixir) is pleased to announce that it has recently executed a non-binding Memorandum of Understanding (MOU) with Mongolia’s MT...
Russia >>  6/12/2020 - PAO NOVATEK (“NOVATEK”) announced that a working meeting was held regarding the Arctic LNG 2 project with the respective CEO’s of the partner companie...

Related Categories: Deodorization system  Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 

Related Articles: Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 


United States Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.