Houston: Petronet LNG ANd U.S.A. liquefied gas developer Tellurian Iraqi National Congress signed an initial agreement beneath that the Indian company and its affiliates can negociate to shop for up to five million tonnes once a year of liquefied gas, the businesses same on Saturday.
Petronet can take AN equity investment in Tellurian’s wood project in LA, they said, while not providing monetary details. the businesses same they’d try and nail down the deal by March thirty one, 2020.
Sources told Reuters on Fri that Petronet would sign a note of understanding with Tellurian to speculate $2.5 billion for rights of up five|to five} million tonnes a year of LNG over the time period of the wood project.
The announcement comes as Prime Minister Narendra Modi and U.S.A. President Donald Trump area unit set to satisfy in Houston this weekend to debate ways that to deepen their energy and trade relations.(FA9NEWS)