Friday, Apr 19, 2024 | Last Update : 03:11 PM IST

  World   Americas  22 Sep 2019  With PM Modi in US, India's Petronet signs natural gas MoU with Tellurian Inc
World, Americas

With PM Modi in US, India's Petronet signs natural gas MoU with Tellurian Inc

THOMSON REUTERS FOUNDATION
Published : Sep 22, 2019, 12:50 pm IST
Updated : Sep 22, 2019, 12:50 pm IST

The companies said they would try to finalize the deal by March 31, 2020.

Petronet would sign a memorandum of understanding with Tellurian to invest $2.5 billion for rights of up to 5 million tonnes a year of LNG over the lifespan of the Driftwood project. (Photo: Twitter | @TellurianLNG)
 Petronet would sign a memorandum of understanding with Tellurian to invest $2.5 billion for rights of up to 5 million tonnes a year of LNG over the lifespan of the Driftwood project. (Photo: Twitter | @TellurianLNG)

Houston: Petronet LNG and US liquefied natural gas developer Tellurian Inc signed an initial agreement under which the Indian company and its affiliates will negotiate to buy up to 5 million tonnes per annum of liquefied natural gas, the companies said on Saturday.

Petronet will take an equity investment in Tellurian's Driftwood project in Louisiana, they said, without providing financial details. The companies said they would try to finalize the deal by March 31, 2020.

Sources told Reuters on Friday that Petronet would sign a memorandum of understanding with Tellurian to invest $2.5 billion for rights of up to 5 million tonnes a year of LNG over the lifespan of the Driftwood project.

The announcement comes as Prime Minister Narendra Modi and US President Donald Trump are set to meet in Houston this weekend to discuss ways to deepen their energy and trade relations.

Tags: tellurian, petronet, howdy modi, donald trump, narendra modi
Location: United States, Texas, Houston

Latest From World

This image made from a video provided to The Associated Press by a Mideast defense official shows a helicopter raid targeting a vessel near the Strait of Hormuz on Saturday, April 13, 2024. A video seen by The Associated Press shows commandos raiding a ship near the Strait of Hormuz by helicopter Saturday, an attack a Mideast defense official attributed to Iran amid wider tensions between Tehran and the West. The Mideast defense official spoke on condition of anonymity to discuss intelligence matters. (AP Photo)

India asks Iran to free Indians on seized ship

Delhi Chief Minister Arvind Kejriwal (PTI)

US mentions Kejriwal arrest, Congress allegations; India responds

Narendra Modi also congratulated President Putin on his electoral victory and re-election as Russia’s President while also agreeing to further strengthen the “special and privileged strategic partnership” between the two countries. (File Image: PTI)

PM Modi Urges Dialogue and Diplomacy in Phone Calls with Putin and Zelenskyy Amid Ukraine Conflict

Youths inspect a damaged ambulance at the site of an Israeli airstrike a day earlier in the southern Lebanese village of Odaisseh near the border with Israel on March 5, 2024, amid ongoing cross-border tensions as fighting continues between Israel and Palestinian Hamas militants in the Gaza Strip. (AFP)

Kerala man killed in missile attack in Israel

ADVERTISEMENT

MOST POPULAR

1

Clean chit for Aryan Khan in cruise drugs case

2

'Chak de phatte India', says Harnaaz Sandhu after becoming Miss Universe 2021

3

Mutation linked to remdesivir resistance found in Covid patient

4

Climate finance isn’t charity, says Union minister Bhupender Yadav at COP26 summit

5

Indian origin astronaut-led NASA's SpaceX Crew-3 team headed to ISS

more
ADVERTISEMENT

Editors' Picks

India's Prime Minister Narendra Modi attends a meeting during the UN Climate Change Conference COP26 in Glasgow. (AP)

Parsa Venkateshwar Rao Jr | Ambiguities remain amid India’s pledges at COP26

The protagonist in Jai Bhim is “Justice” itself and the director, Tha Se Gnanavel and the lead actor, Suriya throughout the films share with us the trials and tribulations of seeking justice. (Image: @PrimeVideoIN)

Jai Bhim: Protecting rights and providing hope in India’s democracy

Marzia Babakarkhail.

‘Afghanistan has changed, women will fight back’

Afghanistan's most popular film personalities Sahraa Karimi. (AFP Photo)

The world was silent: Afghan filmmaker Sahraa Karimi on Taliban takeover

For the kind of films, I make, it is fundamental for the artists and crew to feel as one family. That’s why we were nervous about Irrfan, says Mostofa Sarwar Farooki.

I selected Irrfan Khan because of his eyes: Mostofa Sarwar Farooki

more

ALSO FROMLife

A worker sanitises the fountain in the atrium of the Phoenix Market City, Kurla in Mumbai ahead of the August 5 reopening. (AA Photo: Rajesh Jadhav)

Mumbai malls to reopen but the vibe will be odd

For some 250 visually impaired people living in the Mumbai locality of Vangani, the coronavirus pandemic has added darkness an already gloomy life. (DC Picture: Rajesh Jadhav)

For Vangani's visually impaired people, lockdown spells doom

With the government easing restrictions on mobility and social gatherings, weddings have resumed in many parts of the country. Photo: Rajesh Jadhav

Weddings amid a pandemic

As India’s financial capital reels from the Covid-19 pandemic, panic-stricken people are turning to a homeopathy drug called Arsenicum Album 30 although there is no data that it works

Desperate Mumbai turns untested drug

Without fail every morning, an orderly (please don't call them ward boy) came by to change my bed clothes. (DC Photo: Rajesh Jadhav)

My life in Covid-19 quarantine

Having made Mumbai’s streets his canvas and DSLR camera his paintbrush, photographer Star Udyawar’s narration of everyday life in the maximum city is riveting. As can be seen in his various portrayals of the city like the historic Chhatrapati Shivaji Terminus (CST), Dhobi Ghat with its colourful backdrop, and the famous Sea-link. For Udyawar, perspective is key as it defines the in-depth relationship between the objects in a picture along with the dimensions that a viewer perceives.

Framing the Mundane

Copyright © 2016 - 2024 The Asian Age. Designed, Developed & Maintained By Daksham