Deal with Tellurian for 40-year gas supply no longer exists: Petronet LNG

Under the terms of the old agreement, the two were to finalise an investment deal by December 2020. This was after an earlier extension of the agreement which had lapsed in March 2020

Petronet LNG and US-based Tellurian Inc. do not have an agreement any more, revealed Petronet’s Managing Director and Chief Executive Officer A K Singh on Wednesday.
 
This means that the proposed $2.5-billion investment in Tellurian's Driftwood LNG project will not fructify.
 
Responding to queries from Business Standard, Singh said, “I think the memorandum of understanding (MoU) is not extended. As of today, there is no MoU with us.”
 
Under the terms of agreement, the two were to finalise an investment deal by December 2020. This was after an earlier extension to the agreement had lapsed in March