new-recommended-broker-banner new-recommended-broker-banner
Practice Stock Trading Your capital is at risk

Tellurian (TELL) Stock Jumps On 10-Year LNG Agreement With Vitol Inc

Updated: 3 Jun 2021

Tellurian Inc's (NASDAQ: TELL) share price is rallying after the announcement that it has finalised a liquefied natural gas (LNG) sales and purchase agreement with Vitol Inc.

new-recommended-broker-banner

The agreement is for three million tonnes per annum for ten years, indexed to a combination of two indices: the Japan Korea Marker (JKM) and the Dutch Title Transfer Facility (TTF).

The deal is valued at approximately $12 billion in revenue over ten years at today's prices.

President and CEO Octávio Simões said, “Tellurian continues to execute on our plan to market Driftwood LNG volumes on indices that our customers want. Vitol expressed interest in the development of Driftwood early on, and it is fulfilling to finalize this agreement with the world’s largest independent trader of energy.

“As the world electrifies and our population grows, the demand for reliable, low-cost energy will continue to increase. LNG provides a stable source of fuel at an attractive price, and Tellurian’s integrated model is positioned perfectly to offer volumes on JKM, TTF or blended price basis.”

Tellurian's share price is currently trading 21% above Wednesday's close at $5.25.

Should You Invest in Tellurian Shares?

One of the most frequently asked questions we receive is, “what stocks are best to buy right now?” It's a wide-ranging question, but one that we have answered… Our AskTraders stock analysts regularly review the market and compile a list of which companies you should be adding to your portfolio, including short and longer-term positions. Here are the best stocks to buy right now

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 75 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .