{"id":384201,"date":"2020-11-16T08:44:19","date_gmt":"2020-11-16T03:14:19","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=384201"},"modified":"2020-11-16T09:35:26","modified_gmt":"2020-11-16T04:05:26","slug":"covid-19-gas-price-crash-may-push-back-plls-2-5-bn-deal-with-tellurian","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/covid-19-gas-price-crash-may-push-back-plls-2-5-bn-deal-with-tellurian\/","title":{"rendered":"Covid-19, gas price crash may push back PLL&#8217;s $2.5-bn deal with Tellurian"},"content":{"rendered":"<p>In what may be a big casualty of Covid-19 related market disruptions, India&#8217;s Petronet LNG Ltd. may push back its $2.5 billion investment plan in US LNG developer Tellurian&#8217;s upcoming Driftwood LNG terminal in Louisiana or shelve the investment plan altogether. <\/p>\n<p>Government sources said that with spot LNG prices now crashing to about $2-3 per million British thermal unit (mmBtu) and gas widely available in the market, it would make little sense to sign an agreement committing to pay on sea price of $3.5 to $4.5 per mmBtu for 40 years for the gas. The delivered price of gas would be even higher <\/p>\n<p>The deal would have to be renegotiated given the current market prices or shelved, sources said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In what may be a big casualty of Covid-19 related market disruptions, India&#8217;s Petronet LNG Ltd. may push back its $2.5 billion investment plan in US LNG developer Tellurian&#8217;s upcoming Driftwood LNG terminal in Louisiana or shelve the investment plan altogether. Government sources said that with spot LNG prices now crashing to about $2-3 per million British thermal unit (mmBtu) and gas widely available in the market, it would make little sense to sign an agreement committing to pay on sea price of $3.5 to $4.5 per mmBtu for 40 years for the gas. The delivered price of gas would [&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-384201","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\/384201","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=384201"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/384201\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=384201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=384201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=384201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}