LNG liquefied natural gas limited

10 year, 5.58 mtpa deal ! - UNNAMED PARTNER, page-69

  1. 34 Posts.
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    Mate, your'e missing one very key point here: LNGL does not have any gas to supply. They never have. This has always been their Achilles heal. They have rights to lease a site (Magnolia), on which they will build a liquefaction facility with their in house intellectual property. They need to either:
    1) purchase gas from a supplier and market LNG themselves (e.g. to new Fortress Energy); or
    2) they can charge a gas supplier a fee ('tolling fee') to use their liquefaction facility and let the gas supplier market the LNG themselves.

    Rest assured: if LNGL had signed any deal they would have provided details to the market by now - as they are required to under ASX disclosure requirements - notwithstanding the other driver of wanting to save their own necks...

 
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