Everything in PV1 management's mind at the moment is focused on Europe, Europe, and Europe. They are currently searching for an offtake partner in Europe, which will provide them with a clear line of sight for the first project. PV1 has repeatedly mentioned that the Asian market is not mature enough yet for hydrogen export. Therefore, at this point of view, PRL is not a priority for PV1. Of course, if PRL is interested in shipping to Europe from Australia, our compression method won't be economical. We can only consider PRL when Asian markets mature. If PRL is not interested, we have our own Tiwi project as an alternative. But for now, let's put our full focus on Europe:
- Obtain Norwegian government funding.
- Secure an offtake partner.
- Obtain full approval for ships and tanks.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-3
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