Petronet shelves $2.5B investment in proposed Lake Charles LNG terminal

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India’s Petronet LNG Ltd has shelved its $2.5 billion investment plan in Tellurian’s proposed Driftwood LNG terminal in Louisiana. Petronet CEO Akshay Kumar Singh said last week that Tellurian had made no request to extend a memorandum of understanding signed in September of 2019. The deal was for Petronet, India’s largest LNG importer, to purchase

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