Petronet to invest $2.5 bn in Tellurian’s Louisiana project |ForumIAS

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News:Indian Prime Minister has met the US President on the visit to the US for the UN General Assembly meeting on September 27,2019.

Facts

Highlights of the meeting:

Indian Prime Minister held a meeting with the CEO’s of 17 global energy companies in Houston,US.
The objective of the meeting was to deepen our energy cooperation as part of our strategic energy partnership
During the meeting,India’s Petronet LNG Limited(PLL) has signed an MoU with US natural gas company Tellurian Inc of 2.5-billion liquified natural gas(LNG) supply.
As per the MoU,Petronet will invest in Tellurian’s proposed Driftwood LNG export terminal in exchange for the rights to 5 million metric tonnes of LNG per year for over 40 years
India and the US has also planned to further strengthen their Strategic Energy Partnership that was launched in New Delhi in April,2019.
They have created four working groups under the Strategic Energy Partnership namely (a)oil and gas (b)power and energy efficiency, (c)renewable energy and (d)sustainable development.