I think the big question here is does LNG9 have the ability to borrow the required funds to meet its current offer, let alone increasing it , a very unlikely scenario i would have thought ?.

LNG9 sounds like a Logistics company with very big ambitions with a few small offices and staff placed around the World.

In actual fact i would think the chances of the deal falling thru, especially in this current environment is very likely , which would explain the sell offs and current low SP.

https://www.bloomberg.com/amp/news/articles/2020-03-05/china-s-cnpc-issues-lng-force-majeure-amid-virus-slowdown

China’s Top Natural Gas Buyer Cancels Imports After Epidemic Hurts Demand

• CNPC seeks halt to prompt LNG, pipeline supplies, sources say
• Coronavirus fight has sapped energy demand, swollen stockpiles

China National Petroleum Corp. has issued a force majeure on prompt natural gas imports, according to people with knowledge of the situation, the second Chinese buyer to refuse shipments in a sign that global commodity flows may face a sustained impact from the coronavirus fight.

CNPC, the nation’s biggest gas supplier, is taking the extreme step after initially working with sellers to reschedule shipments, and plans to cancel contracted deliveries both as liquefied natural gas and via pipelines in the short-term, said the people, who asked not to be identified as the information isn’t public. At least one LNG seller had been notified, the people said.

CNPC, the parent company of PetroChina Co., declined to comment.

The nation’s buyers have struggled with the impact of the virus, which has cut demand for the fuel and maxed out storage space. Firms declare force majeure when they’re unable to meet contractual obligations for reasons beyond their control.