Retracing back to a post i made 2 posts ago in relation to the accumulated volumes in the 10 days leading in-to the Stonepeak re-signing, VGS HOA and Meridian extension announcements, I quoted " very interesting how to interpret this mini surge. Can we attribute these gains to just speculation or the anticipation that our first BTA has arrived on our doorstep? ". Also made reference to our 4 day surge in volume with those figures being:
5th Jan - 43c 942,223
6th - 46c 3,417,398
7th - 50c 4,937,310
8th - 59c 9,551,490 From that day onwards the numbers read
9th - 58c 6,595,750
10th - 55c 4,253,348
11th - 54c 3,014,509
12th - 55c 1,087,918 At this point I'm thinking, "OK false alarm, volumes will peter out".
15th - 57c 2,456,936
16th - 65c 8,134,238 But now the volume has spiked again
Well.... interestingly, in the 10 day run up to the VGS announcement the accumulated volume totalled 45,471,994 with a daily average of 4,547,199. Our accumulation over the last 10 days totals 44,391,120 with a daily average of 4,439,112. A striking resemblance! I'm raising hopes and quietly confident there's more behind the rise in SP & volumes than simply speculation.
Will mention that our COO JB is currently in Asia and one would assume GV has accompanied him. Could it possibly be they are there to collect signatures on the dotted line, clinching a BTA... a connection to the build up of volumes? I might be dreaming but LNG LTD is a leaky ship so it makes you wonder.....
Dreams can come true!
PS: Cheniere has just signed a 15yr supply deal with trading house Trafigura for 1mt starting in 2019. And GAIL has renegotiated the terms of a long-term contract with Gazprom... originally their deal was 20yrs for 2.5mt starting in 18' (from Sakhalin 2) but now have extended the duration of the contract by another 2-3yrs buying an additional 6mt!!
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