India on the cusp of signing huge LNG deal with US firm as Trump visits

Fuel Fix:
All eyes in the energy industry will be on Houston liquefied natural gas company Tellurian during President Donald Trump's visit to India.

Company officials told the Houston Chronicle that they will have a team in India during the president's visit to the South Asian nation.

Details were not available but Trump's visit to the subcontinent comes at a time when Tellurian is working to finalize the details of a $2.5 billion supply deal with India's Petronet LNG by a March 31 deadline.

Indian Prime Minister Narendra Modi is expected to receive Trump on Monday. The presidential visit to India comes roughly five months after Modi visited Houston, which was the backdrop for the signing of a memorandum of understanding between Tellurian and Petronet LNG.

Headquartered in Houston, Tellurian received a federal permit in April 2019 to build its Driftwood LNG export terminal in Lake Charles, Louisiana. If the facility lands contracts and financing, it will be able to build a facility capable of producing and exporting up to 27.6 million tons of LNG per year.

Under the proposed deal with Tellurian, Petronet has pledged to invest $2.5 billion in the Driftwood LNG project, in exchange for the rights to 5 million metric tons of LNG per year over the lifespan of the project.
...
This looks like a win-win deal for both countries.  The US has an abundance of natural gas and needs to sell it to produce more oil.  India needs the LNG to fuel its grid and reduce its CO2 emissions. 

It also demonstrates how wrong Democrats are to pledge to stop fracking which is making the air cleaner in this country and in countries buying LNG from the US.

Comments

Post a Comment

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

Washington Post: Some Democrats eye adding more justices to the Supreme Court to change its ideological bent The once-remote idea has gained the attention of liberals angered by the GOP push to remake the federal courts. Probably the easy way to defeat this court-packing scheme is for Trump to propose doing the same thing now.  It would lead to Democrat denunciations and claims that it would be wrong, thereby blowing up any attempt by them in the unfortunate event of Democrats winning a presidential election.
Read more

29 % of companies say they are unlikely to keep insurance after Obamacare

Conn Carroll: A new survey of 368 midsize to large companies found that 29% of them are considering terminating their active employee health care plans when Obamacare is full implemented in 2014. Only 71% of employers surveyed said they did not expect to drop their health coverage, while 20% said they did not know and 9% said they were planning to exit. The latest survey, conducted by Towers Watson, echoes an ealier survey by McKinsey & Co. finding that 30% of private-sector employers were planning to drop their employee health insurance coverage by 2014. When the Congressional Budget Office crunched Obamacare's spending numbers, they estimated that only 7% of employees currently covered by employer-sponsored plans would lose their plans. ... This means the cost of the health care fiasco will be hundreds of billions more than estimated by the CBO and Congressional Democrat. It is also clear that Obama's pledge that you could keep your health care plan if you wanted t
Read more