The liquefied natural gas company Tellurian (NASDAQ:TELL) saw its stock getting considerable attention from investors yesterday. The stock soared by as much as 23% to takes its gains for the past week to 53%.
In light of such gains, it is perhaps necessary for investors to take a closer look at the latest developments. The rally has been triggered after it emerged that the company got into a long-term contract with Guvnor Singapore which supports the planned development of Driftwood LNG.
According to the terms of the contract, Tellurian is going to supply Guvnor Singapore with 3 million tonnes of liquefied natural gas per year over the next 10 years. The gas is going to be supplied from the Driftwood natural gas liquefaction plant that the company has set up not far from Lake Charles in Louisiana. Hence, it is no surprise that the latest announcement has resulted in considerable interest in the Tellurium stock.
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Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.