Petronet LNG signs supplementary MoU with Tellurian

28 Feb 2020

Petronet LNG has signed supplementary Memorandum of Understanding (MoU) with Tellurian Inc., a Delaware Corporation on February 27, 2020. This shall keep the MoU effective unless terminated by either party and shall automatically expire upon the earlier of a date of execution of transaction agreements or May 31, 2020 or any such later date as may be mutually agreed by the Parties in writing.

Earlier, the company had signed a Non-binding MoU with Tellurian Inc. at Houston, USA wherein the Company and its affiliates will like to explore possibility of purchase of up to 5 Million Tonnes Per Annum (5 MTPA) of liquefied natural gas (LNG) from Driftwood project concurrent with equity investment.

Petronet LNG is one of the leading players in oil and natural gas industry space. The company's promoters are GAIL (India), Oil & Natural Gas Corporation (ONGC), Indian Oil Corporation (IOCL) and Bharat Petroleum Corporation (BPCL).

Related Petronet LNG Ltd. Links:

Petronet LNG Share Price

264.20 2.95 (1.13%) Jul 08, 18:01
1 Year Price Chart
Company Name CMP
GAIL India 102.70
Petronet LNG 264.20
Indraprastha Gas 410.90
Linde India 653.65
Confidence Petroleum 20.90
View more..
Sensex vs Petronet LNG
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719