Fears of balance sheet stress leave Petronet LNG investors jittery1 min read . Updated: 27 Sep 2019, 07:10 AM IST
- Petronet, along with its affiliates, will invest $2.5 bn to purchase 5 mtpa of LNG from Tellurian’s Driftwood project
- From a more near-term perspective, it helps that volume outlook is robust
Petronet LNG Ltd’s shares fell 5% Monday on the National Stock Exchange after it said it has signed a non-binding memorandum of understanding (MOU) with Tellurian Inc. Sure, the management’s assurance during an investor call that Petronet’s equity investment in Tellurian would be limited up to $1 billion has helped sentiments a bit. Further, Petronet has said that it will enter into back-to-back contracts with off-takers to avoid any volume or pricing risk, which brings comfort.
Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!Let’s get started
Select your Category