November 2019, Vol. 246, No. 11

Global News

Tellurian Signs $2.5 Billion LNG Deal with India’s Petronet

Tellurian Inc has signed a $2.5 billion investment deal with India’s Petronet for its Driftwood LNG project, making it one of the largest foreign investments in a U.S. infrastructure project.

Petronet will spend $2.5 billion for an 18% equity stake in the $28 billion Driftwood LNG terminal – the largest outside holding so far in the project – and negotiate the purchase of 5 million tons of gas per year.

Tellurian plans to build four pipelines that will move natural gas from the Permian Basin, Eagle Ford Shale and Haynesville Shale to the facility. Driftwood is expected to begin first shipments in 2023.

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