Magnolia LNG has said it needs to finalize liquefaction capacity contracts for at least 6mn t/yr to secure financing before making an investment decision. So far it has signed only one binding deal for 2mn t/yr with the UK's Meridian LNG.
Finalising deals means there're negotiations going on, however apparently they didn't sound like it in the conference call. I am hoping there's negotiations
Fresh From The Cupboard, page-90
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