Just what I have said. Orica have nothing to lose by extending. Why do you think no extension has been formalised yet, one day before expiry of the previous agreement? In my opinion it is because negotiations are still not finalised. Orica have the leverage here, because STX still don't have the gas they expected to have a year ago. It is basic business sense that Orica will be using this to their advantage to negotiate a better deal. Let's just wait and see what terms get announced (if they actually announce the terms).
Ann: Commercial Update, page-15
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