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.

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