Does anyone have information on the pricing of the LNG supply agreement with APLNG?
We know Armour must supply 5TJ/day that APLNG must take, then APLNG has an option to take further supply.
However, does anyone know what price APLNG must pay on the first 5TJ?
It is clearly not netback, because Armour got pricing 30% lower than netback last quarter.
Does anyone also know whether if Armour supplies less than 5TJ/day, whether they must buy from the spot market to fulfill their contract with APLNG?
I ask because it's Armour is just supplying enough LNG to fulfill the 5TJ/day, however if they cannot and must go into the spot to top up, it's going to cost them A LOT if they're buying at spot and selling at a price not linked to spot.
Does anyone have information on the pricing of the LNG supply...
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