Petronet shelves $2.5 billion Tellurian deal, looks for supplies from Qatar
An initial non-binding agreement for Petronet LNG Ltd to invest USD 2.5 billion in US energy upstart Tellurian’s LNG project in Louisiana in return for gas supplies for 40 years has lapsed, the CEO of the Indian firm said on Wednesday.
The deal, which was signed during Prime Minister Narendra Modi’s visit to Houston in September 2019, was billed as one of the largest foreign investments in the US to ship shale gas abroad.
