i would have thought Meridian would have been somewhat satisfied that the now twice-extended project deadline would actually be reached otherwise why would they bother. To this end they must think there actually is a decent chance of signing up further customers and getting to FID and project completion.
They have their own project deadlines to satisfy with their Port Meridian FSRU LNG UK project which is receiving Maggy gas having been originally slated for 2019 completion.
Although methinks they got a sweet deal as a foundation customer and there is an incentive for them to extend it nevetheless represents a third party validation that Maggy is progressing.
LNG Price at posting:
70.5¢ Sentiment: Buy Disclosure: Held