Tellurian stock falls after company extends U.S. LNG sale negotiations with Petronet

) had to finalize an agreement to buy liquefied natural gas from Tellurian’s Driftwood plant in Louisiana.

Shares in Tellurian, which is developing the $27.5 billion Driftwood project, fell over 16% to $3.675, their lowest since August 2016. After listening to a conference call with Tellurian, analysts at U.S. financial services firm Cowen & Co said that review is “apparently a normal step in the process as Petronet needs to do a competitive assessment before committing to buying LNG.”

TellurianLNG Anyone think Driftwood will actually be built?

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