re: Ann: CNX executes Heads of Agreement for ... Tek, et al...I...

re: Ann: CNX executes Heads of Agreement for ... Tek, et al...I read it as a very astute deal from CNX's perspective. ENB are required to fund/prove up "at least" 300MT AND to fund/ensure the powerstation is constructed and in place to utilise gas under the longtermsupply agreement (5.5 to 16.5 PJ/yr.
CNX note the potential to supply synthetic natural gas into the Perth market. If ENB fails to construct the power station on schedule it appears that CNX would still be a free-agent to direct unutilised (or excess)syngas to Oakagee Port & iron ore developments in the region, or to potentially supply a third party user(eg, IPL).
The onus appears to be on ENB with considerable flexibility & upside available to CNX outside the ENB gas supply deal....IMO