The more I think about it an equity sell down, based on an all in construction cost of say $600 a tonne, at anything approaching $1500 a tonne that Tellurian is pushing would be a very sensible strategy, although clearly Stonepeak would need to agree. Stonepeak would also have a lot of contacts in terms of potential equity sponsors. Tellurian stated that "I would say we have had a significant interest from a combination of very large sovereign funds, some of the international portfolio players and other big players in the industry," these are players are Stonepeak would be familiar with. Are we leveraging the Stonepeak relationship GV?
It would test this whole "sell one train and the others will follow" domino theory being pushed by GV. If you sell down 1-2mpta, and with Meridien now not causing an issue with the financiers, then this leaves only half the project left.
In the next shareholders update it would be good for management to note what reviews are being underaken in terms of the marketing strategy, what options are being tabled, rather thatn simply saying we are waiting for some to sign up a 20 year deal and its a challenging macro environment and we are saying look in 2022 the LNG market will rebalance. We are up against some well connected extremely well regarded billionaire industry visionaries such as Souki. If you can beat em join em.
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