{"id":293371,"date":"2019-09-24T05:02:57","date_gmt":"2019-09-24T05:02:57","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=293371"},"modified":"2019-09-24T05:02:57","modified_gmt":"2019-09-24T05:02:57","slug":"why-petronet-lng-slipped-over-7-after-hitting-52-week-high-in-early-trade","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/why-petronet-lng-slipped-over-7-after-hitting-52-week-high-in-early-trade\/","title":{"rendered":"Why Petronet LNG slipped over 7% after hitting 52-week high in early trade"},"content":{"rendered":"<p>After hitting a 52-week high of Rs 302 apiece on the BSE, shares of Petronet LNG slipped over 7 per cent in the intra-day deals on Monday. The company on Sunday announced it will invest $2.5 billion for nearly 20 per cent equity stake in US energy major Tellurian Inc&#8217;s Driftwood project to negotiate the purchase of 5 million tonnes of gas per annum. <\/p>\n<p>he Houston-based Tellurian and Petronet LNG Ltd (PLL) signed an MOU on Saturday under which the latter and its affiliates will import 5 million tons of LNG (liquefied natural gas) from America over a 40-year period. The agreement also includes PLL making investment in the equity of $ 28 billion Driftwood project in Louisiana to secure the LNG.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After hitting a 52-week high of Rs 302 apiece on the BSE, shares of Petronet LNG slipped over 7 per cent in the intra-day deals on Monday. The company on Sunday announced it will invest $2.5 billion for nearly 20 per cent equity stake in US energy major Tellurian Inc&#8217;s Driftwood project to negotiate the purchase of 5 million tonnes of gas per annum. he Houston-based Tellurian and Petronet LNG Ltd (PLL) signed an MOU on Saturday under which the latter and its affiliates will import 5 million tons of LNG (liquefied natural gas) from America over a 40-year period. [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-293371","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/293371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=293371"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/293371\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=293371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=293371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=293371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}