Reuters revealed that U.S. LNG developer Tellurian Inc has renewed a deal with India’s Petronet LNG giving them more time to finalize an investment in Tellurian’s Driftwood export project in Louisiana. Petronet and Tellurian now have until the end of December to finalize the deal. Developers have delayed numerous North American LNG projects this year due to a sharp downturn in global gas prices.
U.S. firm Tellurian’s stock soars after Reuters report of India deal
Shares of Tellurian Inc soared after the Reuters report was published.