February 28, 2020 - 12:25 PM EST
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Shares of Tellurian Get Walloped Today

Shares of start-up liquefied natural gas exporter Tellurian (NASDAQ: TELL) are down 34.9% as of 11:30 a.m. EST today. On top of the broader market sell-off, the company's stock is dropping after a key partner asked for an extension on a memorandum of understanding (MoU).

Tellurian plans to build a liquefied natural gas (LNG) export facility on the U.S. Gulf of Mexico. Since it's a start-up company without an existing business to help fund the development, it's looking to do a creative deal with potential customers in which they buy an equity stake in the facility.

An LNG export terminal. Image source: Getty Images.

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Source: Motley Fool (February 28, 2020 - 12:25 PM EST)

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