Tellurian Inc (NASDAQ: TELL) has announced that it has finalized a liquefied natural gas (LNG) sales and purchase agreement (SPA) with Vitol Inc.
Tellurian Inc (NASDAQ: TELL) has announced that it has finalized a liquefied natural gas (LNG) sales and purchase agreement (SPA) with Vitol Inc.
The deal is for three million tons per annum, on a free on board basis at Driftwood LNG, for a ten-year period, indexed to a combination of two indices; the Japan Korea Marker (JKM) and the Dutch Title Transfer Facility (TTF), Tellurian revealed. At today’s prices, the agreement is valued at approximately $12 billion in revenue over ten years, Tellurian outlined.