As of last check, Tellurian Inc. (TELL) shares had advanced 3.52% to $4.12 in after-hours trade. Thursday’s regular session saw TELL stock rise 9.04% to $3.98. TELL’s stock volume on the day was 27.87 million shares, which was higher than the average of 16.66 million shares over the past 50 days. In the last week, TELL stock has increased by 6.70% and more than 302.87% in the last year.

ELL stock price has gained 73.04% in the past three months and shed 40.14% in the past six months. Additionally, the current market capitalization of TELL is $1.68 billion, with 356.68 million outstanding shares. The news of the finalization of the sale and purchase agreements (SPAs) caused the price of TELL stock to rise.

With whom has TELL Stock signed the SPA?

Tellurian aims to create shareholder value by establishing a low-cost, global natural gas business that produces and delivers natural gas profitably to markets globally. As part of its natural gas production, liquefied natural gas (LNG) marketing and trading, and LNG export facility and pipeline projects, TELL stock is building a 27.6 million tonnes per annum (mtpa) LNG export facility. Houston-based Tellurian’s stock is listed on the Nasdaq Capital Market under the ticker “TELL”.

Tellurian today announced it has finalized LNG sale and purchase agreements with Shell NA LNG.

• These contracts are on a free on board (FOB) basis at Driftwood LNG for a combined flow of 3 mtpa over a ten-year period.
• In addition, the SPAs are indexed to two indices: the Japan Korea Marker (JKM) and the Dutch Title Transfer Facility (TTF), and each indexed after transportation charges are taken into account.
• As part of these agreements, a total of nine mtpa and nearly all of Driftwood LNG’s capacity will be delivered.
• This is TELL’s third partnership in ten weeks. Shell is TELL stock’s new partner on the Driftwood project.
• Shell is delivering the industry’s largest and most diverse LNG portfolio, and leads the way when it comes to delivering CO2e neutral LNG.
• Shell’s CO2e neutral LNG offering is further enabled by TELL’s accurate measurement of well to loading arm emissions and the reduction of emissions wherever possible on Driftwood’s integrated project.
• There will be a nearly two-fold increase in LNG demand by 2040.
• By signing this deal, Shell will have additional competitive LNG volumes available by the mid-2020s, which will enable it to provide its customers with diverse and flexible LNG supplies.

TELL’s further plans:

In this way, TELL has now successfully sold all SPAs needed to launch the first two production plants. Telurrian (TELL) is now focusing on financing Driftwood, so that Bechtel can begin construction early in 2022.