Tellurian Said On August 1, LNG Sale And Purchase Agreement, Dated As Of May 27, 2021 With Gunvor Singapore Pte Ltd Was Terminated Due To Parties Being Unable To Reach Agreement On The Commercial Terms Of An Amendment
Portfolio Pulse from Charles Gross
Tellurian's LNG Sale and Purchase Agreement with Gunvor Singapore Pte Ltd, dated May 27, 2021, was terminated on August 1 due to the parties' inability to agree on the commercial terms of an amendment.
August 07, 2023 | 9:21 pm
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NEGATIVE IMPACT
Tellurian's agreement termination with Gunvor Singapore Pte Ltd may negatively impact the company's short-term business prospects.
The termination of the LNG Sale and Purchase Agreement with Gunvor Singapore Pte Ltd could potentially disrupt Tellurian's business plans and negatively affect its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100