The original GLNG deal was based on JCC oil linked prices, which would be decent prices given they are oil linked and the POO is doing ok/good. Senex have advised that the new 16Tj deal is at similar/same price as the previous deal.
Any volumes sold externally of GLNG are likely to be sold at a higher price than what was available via the old GLNG deal given the tight gas market so this is probably not a bad thing.
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- Ann: Senex and GLNG amend WSGP gas sales arrangements
Ann: Senex and GLNG amend WSGP gas sales arrangements, page-12
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