And as GV stated on the call: a 1mpta, 20 year contract is a $1bn commitment ... which underlines his Nov AGM comments, namely
“When you rush in the energy industry, you make mistakes”
“This is not an ability thing, this is a customer thing”
“They’re not going to sign until they are ready”
So to summarise, we are in a VERY good place with IDG aiming to grow the value of their shareholding by working immediately with LNG against China's rapid move to cleaner energy ...
And this is in addition to discussions already underway with multiple parties (incl. Chinese) for multiples of MLNG capacity.
So as has always been the case, this remains a timing issue and with GV again stating how he wants FID by YE to meet that 2022/3 demand imbalance, the end game is surely nigh ...
Cashed up with a passive Chinese investor, we are now another huge step closer ...
And after MLNG, IDG could even assist with OSMR licensing ... additional sites ... and we haven't even mentioned BH's export capacity ...
Plenty to salivate over as the team continues their marketing efforts with renewed vigour!
