{"id":293481,"date":"2019-09-24T06:30:43","date_gmt":"2019-09-24T06:30:43","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=293481"},"modified":"2019-09-24T06:36:33","modified_gmt":"2019-09-24T06:36:33","slug":"petronet-to-invest-2-5-bn-in-tellurian-inc-for-5-m-tonns-of-us-lng","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/petronet-to-invest-2-5-bn-in-tellurian-inc-for-5-m-tonns-of-us-lng\/","title":{"rendered":"Petronet to invest $2.5 bn in Tellurian Inc for 5 m tonns of US LNG"},"content":{"rendered":"<p>India&#8217;s largest LNG importer Petronet 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 tons of gas per annum. The Houston-based Tellurian and Petronet LNG Ltd (PLL) signed an MOU on Saturday under which the Indian company and its affiliates will import 5 million tons of LNG from America over a 40-year period. <\/p>\n<p>The agreement also includes PLL making investment in the equity of $28 billion Driftwood project in Louisiana to secure the LNG. <\/p>\n<p>&#8220;On the sidelines, an MoU was signed between Tellurian, a Houston based energy major and Petronet LNG. Petronet will invest $2.5 billion in Tellurian&#8217;s proposed Driftwood LNG export terminal, in exchange for the rights to 5 million metric tons of LNG per year over 40 years,&#8221; Ministry of External Affairs said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s largest LNG importer Petronet 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 tons of gas per annum. The Houston-based Tellurian and Petronet LNG Ltd (PLL) signed an MOU on Saturday under which the Indian company and its affiliates will import 5 million tons of LNG 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. &#8220;On the sidelines, an MoU was signed between Tellurian, [&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":[130,211,144],"tags":[],"class_list":["post-293481","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-pioneer","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/293481","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=293481"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/293481\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=293481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=293481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=293481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}