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Not sure where your reference comes from bungchop, but it was on...

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MoneyBags1348

833 Posts.

588

02/02/18

08:27

Post #: 30757423
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Originally posted by bungchop ↑

Long time reader, first time poster,

Looking back at the Shareholder presentation in October last year, pg 14, we were given the following:

A LNG Buyer’s Future LNG Portfolio
40% – 20 year contract
40% – three to five year contracts
20% – spot pricing

Then in this announcement we get this:
- During the December quarter, marketing of Magnolia LNG capacity continued with several counterparties. Substantially all the offtake negotiations are for initial 20-year terms under liquefaction tolling agreements (LTA) or sales and purchase agreements (SPA).

Thought it was somewhat interesting given the relatively short time period between the two reports.

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Not sure where your reference comes from bungchop, but it was on page 6 of the NA Gas Forum Presentation on 02/10/17. As far as the comments go, there’s no anomaly there, all it means is that only 40% of the market wants 20 year contracts and LNG has always said they needed 20 year contracts.

LNG Price at posting: 54.0¢ Sentiment: None Disclosure: Held
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0 Great analysis

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