LNG

Tellurian Inc. appears to be set to renew its preliminary liquefied natural gas supply and equity investment deal with Indian importer Petronet LNG as the US firm’s shares jumped by more than 56 percent on the Nasdaq global exchange after leaks by executives.

Tellurian Inc., the developer of the US Driftwood LNG export plant planning to supply nations such as India and with Indian company Petronet investing in the venture, said it was still in talks with Saudi Arabian energy company Saudi Aramco about taking an equity stake.