Houston: Indian company Petronet LNG Limited (PLL) on Sunday signed a Memorandum of Understanding (MoU) with US liquefied natural gas (LNG) developer Tellurian for up to five million tonnes of liquefied natural gas (LNG).
The MoU was signed on the sidelines of the meeting of Prime Minister Narendra Modi with CEOs of 16 oil companies in Houston, United States.
As per the MoU signed between the two companies, Petronet and its affiliates will negotiate the purchase of up to five million tonnes annually of LNG from Driftwood. The deal will come into effect after further due diligence and approval of its board of directors, ANI reported.
PM Modi held a roundtable conference with CEOs from the energy sector shortly after reaching Houston to address the mega ‘Howdy, Modi’ event.
The ‘Howdy Modi!’ event on Sunday at the sprawling NRG Football Stadium in Houston will be the largest gathering ever for an elected foreign leader visiting the US, other than the Pope.