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.
a provider of natural gas projects
Industry OilGasProduction