Louisiana Project Receiving Investment from Indian Gas Importer as U.S. Continues to Work With Foreign Energy Companies

The U.S. is continuing to see signs of the country’s initiative to export energy under the Trump administration.

A proposed Driftwood project in Louisiana will be receiving an investment from Petronet, an Indian gas importer. Petronet LNG signed an initial agreement on Thursday with Tellurian Inc. to buy liquefied natural gas.

Last week, Qatar Petroleum and Exxon teamed up through a $10 billion project to expand a LNG export plant in Texas.

U.S. Secretary of Energy Rick Perry said, “The deal (Qatar and Exxon) is proof that two of the world’s top energy producers can work together and “support rather than subvert an open energy marketplace,”

A high level U.S.-India commercial dialogue to advance trade and investment ties sealed the agreement. Through a video link, Amos Hochstein, Senior Vice President in Tellurian Inc, signed the memorandum of understanding with Petronet LNG managing director Prabhat Singh.


Source:
Reuters