Why Tellurian Stock Is Skyrocketing Today
Shares of Tellurian (NASDAQ: TELL) had soared more than 21% by 10:30 a.m. EDT on Thursday. Fueling the liquified natural gas (LNG) stock was news of a new long-term contract supporting its proposed Driftwood LNG development.
Tellurian has agreed to supply Gunvor Singapore with 3 million tonnes per annum (mtpa) of LNG over a 10-year period. The company would deliver the LNG from its proposed Driftwood LNG natural gas liquefaction facility near Lake Charles, Louisiana. That agreement covers more than 10% of the facility's proposed 27.6 mtpa capacity.
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Source Fool.com
