Wait...

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Petronet’s $2.5Bn LNG deal marks PM’s Day 1 in US.


Date: 23-09-2019
Subject: Petronet’s $2.5Bn LNG deal marks PM’s Day 1 in US
India and the US looked to deepen energy cooperation on the first day of PM Narendra Modi’s visit with the government announcing that India’s Petronet will invest $2.5 billion in Houston-based Tellurian’s proposed Driftwood LNG export terminal, in exchange for rights to 5 million metric tonnes of LNG per year over 40 years. 

The deal will increase India’s energy imports from the US and help reduce trade deficit, which US President Donald Trump has often complained about in the past. 

Modi’s first engagement in Houston was a CEO round-table with oil majors. MEA spokesperson Raveesh Kumar said CEOs of 17 global energy companies participated in the round-table. The combined net worth of these companies, he said, was $1 trillion and they together had presence in 150 countries. “...Objective of the meeting was to deepen our energy cooperation as part of our strategic energy partnership,’’ said Kumar. 

Catch complete coverage: PM at Howdy Modi event in Houston

“CEOs talked about enhancing their footprint in India. They lauded the government’s efforts towards ease of doing business, ...deregulation in the sector, supported reforms and policies and were upbeat on the Indian economy.’’he added 

“It is an honour to sign the MoU with Petronet in the presence of PM Narendra Modi. At Tellurian, we look forward to a long and prosperous partnership with Petronet in the Driftwood project,” Tellurian’s president and CEO Meg Gentle said. 

Petronet will spend $2.5 billion for an 18% equity stake in the Driftwood LNG terminal — the largest outside holding so far in the project — and negotiate the purchase of 5 million tonnes of gas per annum, Gentle said. 

Source: timesofindia.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 24-10-2020



Date: 21-10-2020
Notification No. 38/2020-Customs
Notification regarding exemption of duties of Customs against scrips issued under the RoSL scheme for apparel and made-ups sectors.

Date: 21-10-2020
Notification No. 07/2020 – Central Excise
Notification regarding exemption of duties of Central Excise against scrips issued under the RoSL scheme for apparel and made-ups sectors

Date: 20-10-2020
Notification No. 37/2020-Customs
Seeks to further amend notification no. 152/2009 dated 31.12.2009, regarding the rate of duty of customs on imports of "Polybutadiene Rubber" originating in Korea RP and imported under the India-Korea Comprehensive Economic Partnership Agreement.

Date: 15-10-2020
Notification No. 99/2020 - Customs (N.T.)
Exchange rate Notification No.99/2020-Cus (NT) dated 15.10.2020- regd.

Date: 13-10-2020
Trade Notice No. 30/2020-2021-DGFT
Electronic filing and Issuance of Preferential Certificate of Origin (CoO) for India’s Exports under GSP, GSTP, India-Malaysia CECA, India-Singapore CECA w.e.f. 15th October 2020

Date: 13-10-2020
Notification No. 30 /2020 -Customs (ADD)
Seeks to amend notification No. 48/2015-Customs (ADD), dated 21st October, 2015 to extend the levy of ADD on imports of “Plain Medium Density Fibre Board of thickness 6mm and above” originating in or exported from China PR, Malaysia, Sri Lanka & Thailand, for a period of three months i.e. upto 20th January, 2021.

Date: 09-10-2020
Notification No. 39/2015-2020
Amendment in Export Policy of Onions

Date: 08-10-2020
Circular No. 44/2020-Customs
Procedure for inspection of ICDs/CFSs/AFSs -reg

Date: 08-10-2020
Notification No. 50/2020-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI



Exim Guru Copyright © 1999-2020 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001