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Petronet renews investment deal with Tellurian: sources

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Petronet renews investment deal with Tellurian: sourcesIndia’s top gas importer, Petronet LNG, has renewed its initial deal to consider investing $2.5 billion in U.S. liquefied natural gas (LNG) developer Tellurian Inc’s Driftwood project, Indian sources familiar with the matter said. Petronet and Tellurian now have time until the end of December to finalize the deal, they said. A memorandum of understanding that lapsed on May 31 was renewed last week ahead of a virtual meeting between Indian oil minister Dharmendra Pradhan and U.S. Energy Secretary Dan Brouillette.


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New Opportunities for Middle Eastern and American Businesses

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The reversal of the Muslim travel ban will only help the U.S. economy.

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