Ann: LNG Limited does not extend Meridian Agreement, page-13

This ends the pretence over Meridian one and for all.

INO LNG.AX have China off takers ready to sign pending Jan resumption of Sino-US trade talks.

If a broad deal is concluded (which includes addressing legitimate US concerns such IP theft and access to the Chinese market, as reported by FT & Bloomberg) and a deal is signed before March 1 (when tariffs rise to 25%), you would expect LNG export deals to follow.

Ergo today’s agreement is entirely logical and in keeping with intention of signing offftake with credible, bankable, LT off take.

Merry Christmas to all the faithful.

And here’s to a healthy and VERY profitable 2019.

Timbo