{"id":294196,"date":"2019-09-28T11:53:39","date_gmt":"2019-09-28T06:23:39","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=294196"},"modified":"2019-09-28T11:53:39","modified_gmt":"2019-09-28T06:23:39","slug":"petronet-lng-rating-buy-non-binding-nature-of-deal-is-important","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/petronet-lng-rating-buy-non-binding-nature-of-deal-is-important\/","title":{"rendered":"Petronet LNG Rating: Buy; Non-binding nature of deal is important"},"content":{"rendered":"<p>Petronet LNG (PLNG) arranged a conference call to allay investor concerns about the recently signed MoU with  Tellurian, US. PLNG signed a non-binding agreement with Tellurian in the US on 21st Sep\u201919, which envisages an LNG purchase contract of up to 5mmt. Phase-I (16.6mmt) of the project is expected to be complete by 2023, and PLNG might invest ~$2.5 bn for ~18% stake in the project. The contract is on behalf of PLNG or its affiliates, which can directly participate in equity investment too.<\/p>\n<p>The company reiterated that it would enter into a definitive contract only if it gets back-to-back customers, either from its promoters or other buyers. In the absence of any participation from the affiliates, PLNG might contract for 1- 2mmt of LNG and limit its investment to ~$0.5-1.0 bn (company has cash of ~$0.5 bn as of end-FY19).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Petronet LNG (PLNG) arranged a conference call to allay investor concerns about the recently signed MoU with Tellurian, US. PLNG signed a non-binding agreement with Tellurian in the US on 21st Sep\u201919, which envisages an LNG purchase contract of up to 5mmt. Phase-I (16.6mmt) of the project is expected to be complete by 2023, and PLNG might invest ~$2.5 bn for ~18% stake in the project. The contract is on behalf of PLNG or its affiliates, which can directly participate in equity investment too. The company reiterated that it would enter into a definitive contract only if it gets back-to-back [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-294196","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/294196","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=294196"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/294196\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=294196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=294196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=294196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}