T.P. The GSA with Shantou is based on the Singapore TAPIS OIL price and it is in writing and signed.
THAT is the huge advantage that ICN has over others that have not signed GSAs yet. You can bet that ANY GSAs that are signed from now on will all be based on the price of LNG and those that haven't signed GSAs yet in Australia will have massive competition from now on.
It might even threaten further development of LNG plants from what is on the table now!!! Also making ANY gas that ICN can provide, based on the Singapore Tapis oil price will be extremely welcome by the plant operators and will be in huge demand.
Yes, I know, we still have to find it and that is what the next 3 months will be all about.
That GSA in ICN's pocket is now more valuable than when it was signed. Anything between $20 and $30 BILLION over 20 years.
Let's hope that Con80s location map re the Ensign 965 is spot on (yes Con88 BPT are also calling it 965). Soon know.
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