Petronet signs MoU with US firm Tellurian

HOUSTON: US natural gas company Tellurian Inc. and Petronet LNG Limited (PLL) of India have signed an MoU, under which PLL and its affiliates intend to import up to five million tonnes per annum (5 mtpa) of liquefied natural gas (LNG) from America, the two companies announced on Saturday.
Tellurian and Petronet will endeavour to finalise the transaction agreements by March 31, 2020, they added.
The announcement came after Prime Minister Narendra Modi had a meeting with the CEOs of top oil companies based in the US on Saturday.
A statement from Tellurian said the Memorandum of Understanding (MoU) was signed in Modi’s presence.