Prime Minister Narendra Modi “had a wonderful interaction with leading energy sector CEOs,” he also witnessed the signing of MoU between Tellurian Inc, a US natural gas company and India’s Petronet LNG limited (PLL).
According to the MoU, PLL and its associated companies will work out to import up to five million tonnes per year of liquefied natural gas (LNG) from US.
The transaction agreements will be finalised in March, 2020.
PM Modi tweeted about the MoU and said, “Also witnessed the signing of MoU between Tellurian and Petronet LNG.”
The tweet reads, “It is impossible to come to Houston and not talk energy! Had a wonderful interaction with leading energy sector CEOs. We discussed methods to harness opportunities in the energy sector. Also witnessed the signing of MoU between Tellurian and Petronet LNG.”
It is impossible to come to Houston and not talk energy!
Had a wonderful interaction with leading energy sector CEOs. We discussed methods to harness opportunities in the energy sector.
Also witnessed the signing of MoU between Tellurian and Petronet LNG. pic.twitter.com/COEGYupCEt
— Narendra Modi (@narendramodi) September 22, 2019
The statement by Tellurian, released on Saturday, the MoU was signed in Modi’s presence.
Tellurian’s president and CEO Meg Gentle said, “It is an honour to sign the MoU with Petronet in the presence of Prime Minister Narendra Modi. At Tellurian, we look forward to a long and prosperous partnership with Petronet in the Driftwood project.”
The statement further said, “Petronet, India’s largest LNG importer will be able to deliver clean, low-cost and reliable natural gas to India from Driftwood. Increasing natural gas use will enable India to fuel its impressive economic growth to achieve Prime Minister Modi’s goal of a USD 5 trillion economy while contributing to a cleaner environment.”
PM Modi discussed methods to harness opportunities in the energy sector with the CEOs focussing on working together for energy security and expanding mutual investment opportunities between India and US.
MEA Spokesperson Raveesh Kumar took to Twitter to give details about the meeting.
“Getting straight to business. PM @narendramodi just concluded a fruitful interaction with top energy sector CEOs at a Roundtable meeting in #Houston. Discussion focussed on working together for energy security and expanding mutual investment opportunities between India & US.”
Getting straight to business.
PM @narendramodi just concluded a fruitful interaction with top energy sector CEOs at a Roundtable meeting in #Houston. Discussion focused on working together for energy security and expanding mutual investment opportunities between India & US. pic.twitter.com/UHnEFd9Oll
— Raveesh Kumar (@MEAIndia) September 22, 2019
At the “Howdy, Modi” event scheduled on Sunday, Modi will address over 50,000 Indian-Americans in which he will be joined by US President Donald Trump. This will be the largest gathering ever for an elected foreign leader visiting the US, other than the Pope.
PM Modi and US President Trump will also meet on the margins of the UNGA in New York again.