LNG macro analysis, page-934

While LNG Canada hasn't signed any major offtake agreements yet - which is uncommon for a plant nearing FID - it isn't seen impeding investment.
"As LNG heavy-weights like Shell and Petronas are spearheading the project, funding is unlikely to be a major concern," said BNEF's Marzuki. The project investors "are well established LNG players. It is likely they will be the primary offtakers for the volume"
Agree the macro conditions are improving but comparing us to LNG HEAVYWEIGHTS who are essentially their own customers is a tad unfair.
In this instance it would appear no deals have been done as each partner in the project are essentially the customer of the project. They have ridiculous balance sheets to warrant commencing a project like this, they can find customers later...
Shell itself has a capex budget of $25-30B per year.
On with the show!​