Petronet to take 5MMtpa from Driftwood

AUSTRALIA’S hopes for increasing its LNG export footprint in India may hit headwinds after Indian company Petronet signed a memorandum of understanding with US LNG company Tellurian. 

 Petronet to take 5MMtpa from Driftwood  Petronet to take 5MMtpa from Driftwood  Petronet to take 5MMtpa from Driftwood  Petronet to take 5MMtpa from Driftwood  Petronet to take 5MMtpa from Driftwood

5MMtpa deal signed on sidelines of Howdy Modi! event

 
Under the agreement Petronet would take five million tonnes per annum of LNG in return for an equity stake in the Louisiana Driftwood project, a deal reportedly worth US$2.5 billion.