US LNG developer Tellurian has lined up its largest offtake and equity investment deal to date after signing a memorandum of understanding (MoU) with India’s largest LNG importer Petronet for up to 5 mtpa from the proposed Driftwood LNG plant in Louisiana. A definitive agreement is not expected until March, meaning Tellurian will fail to take a final investment decision (FID) on the first phase development of Driftwood by year-end as repeatedly promised.
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