Tellurian’s $2.5 bn Petronet deal expires, co fails to qualify for LNG supply
US energy upstart Tellurian has failed to qualify in a tender for supply of competitively priced gas to India just as its USD 2.5 billion tentative stake sale deal with Petronet LNG Ltd expired, officials said. Petronet, India’s biggest gas importer, had on September 21, 2019, signed a Memorandum of Understanding (MoU) for purchase of up to 5 million tonnes per annum of liquefied natural gas (LNG) from Tellurian Inc’s proposed Driftwood LNG terminal for 40 years. The deal was concurrent with Petronet making an equity investment of USD 2.5 billion for an 18 per cent stake in Driftwood.
