""The Meridian deal was binding. The problem is it wasn’t sufficiently bankable to be a factor in making FID and was precedent on Meridian going ahead.""
I agree 100% with your thoughts. I always thought the deal with Meridian was similar to having a car but only having one tyre . Without the other three tyres the car was never going anywhere.
Perhaps G.V has been in some serious discussions with a group that has stipulated that they want to take the whole lot . Sometimes having another player can be an annoyance and it just makes things cleaner when doing negotiations .
I am hoping that this might be the case.
But then I have been HOPING for a while now that we could see some reason to get excited. Maybe, just maybe this could be the sign of good things happening in not too distant future.
Merry Xmas to you Siv and all LNG long termers.
LNG Price at posting:
47.5¢ Sentiment: Hold Disclosure: Held
