Tellurian Shares Drop 21% After LNG Contracts Terminated
September 23 2022 - 12:48PM
Dow Jones News
By Chris Wack
Tellurian Inc. shares were down 21% to $2.20 after the company
said in a filing that it received a notice of termination from
Shell NA LNG LLC.
The company said the notice of termination was in regards to
liquid natural gas sale and purchase agreements between its
Driftwood LNG LLC subsidiary and Shell, signed on July 29,
2021.
Tellurian also said in the filing to the Securities and Exchange
Commission that it delivered a notice of termination to Vitol Inc.
regarding a LNG sale and purchase agreement signed June 2, 2021, by
and between Driftwood LNG LLC and Vitol.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
September 23, 2022 12:33 ET (16:33 GMT)
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