India’s Petronet has risks to weigh before closing Driftwood LNG deal

Judging from all the hoopla created at Gastech in Houston one would have been forgiven to think that this was a done deal. I had my doubts as I could see a fair number of challenges on the horizon and also I don’t remember the Indians as pushovers. Just adding up the transport cost of getting the LNG from the USGC to India is a tall order. One would guess that India has better options. This is a lot more measured. India has great market potential for LNG, but potential is only an opinion. One will have to work hard to make it real.

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