Looking back at the Shareholder presentation in October last year, pg 14, we were given the following:
A LNG Buyer’s Future LNG Portfolio
40% – 20 year contract
40% – three to five year contracts
20% – spot pricing
Then in this announcement we get this:
- During the December quarter, marketing of Magnolia LNG capacity continued with several counterparties. Substantially all the offtake negotiations are for initial 20-year terms under liquefaction tolling agreements (LTA) or sales and purchase agreements (SPA).
Thought it was somewhat interesting given the relatively short time period between the two reports.
LNG Price at posting:
55.5¢ Sentiment: Hold Disclosure: Held
