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published in Blogs
Jun 03, 2021
Tellurian (TELL, $5.40) stock rose, on 10-year deal with Vitol

Tellurian (TELL, $5.40) stock rose, on 10-year deal with Vitol

Shares of Tellurian  climbed, following news of natural gas company finalizing a 10-year deal to provide energy trader Vitol with LNG from its proposed liquefaction facility terminal in Louisiana.

The deal, valued at at about $12 billion in revenue over the deal period, is for  3 million tonnes per annum (MTPA) of LNG.

Last week, Tellurian also inked a 10-year agreement with commodity trader Gunvor Group for 3 MTPA of LNG. The LNG would be delivered from the proposed liquefaction facility Driftwood LNG, near Lake Charles, Louisiana in the U.S. Gulf Coast.

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