Takings from the Link you provided :----
"Financial close of the agreement is conditioned on LNG Limited making an FID on Magnolia by August 31 of this year".FID in six months time ? really ?, for a company that is battling to stay afloat ??https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/012320-vietnamese-power-project-tied-to-magnolia-lng-offtake-deal-moves-forwardTIMELINE TARGET
At one time, LNG Limited had planned to reach a final investment decision on Magnolia in 2018, but delayed that until 2019 amid China's imposition of a 10% tariff on imports of US LNG. Those duties were later increased to 25%, where they currently stand, even after the recent Phase 1 trade deal between the US and China. In September, CEO Greg Vesey said it could be 2020 before LNG Limited built enough commercial support to reach an FID.
Asked Thursday if that schedule has been changed further, Hirschfield said the developer had "no additional updates at this time."
The current preliminary agreement between LNG Limited and Delta Offshore, which was amended in October, calls for the parties to try to negotiate a binding contract by May 31 of this year.Financial close of the agreement is conditioned on LNG Limited making an FID on Magnolia by August 31 of this year.
LNG Limited has been among the more aggressive US liquefaction developers in terms of pricing in trying to secure commercial deals for Magnolia. Last year, Vesey told S&P Global Platts that the company was willing to take as little as $2.35/MMBtu and 113% of Henry Hub to secure offtake agreements for the up to 8.8 million mt/year project.
