LNG

Tellurian signs MOU with Vitol for 1.5 mtpa of LNG

Tellurian has entered into an MOU to supply 1.5 mtpa of LNG to Swiss trading house Vitol for 15 years.
By Staff reporter 6 December 2018 0 33589

United States-based Tellurian has entered into a memorandum of understanding to supply 1.5 mtpa of LNG to Swiss trading house Vitol for 15 years, with volumes to be priced according to the Japan-Korea Marker, Tellurian said on Thursday.

Tellurian and Vitol will negotiate a sales-and-purchase agreement under which Vitol will purchase the LNG on a free-on-board basis. Vitol is also evaluating a potential equity investment in Tellurian’s 27.6 mtpa Driftwood LNG project.