PV1 7.14% 2.6¢ provaris energy ltd

News: PV1 UPDATE 3-Cheniere signs LNG supply agreement with Equinor for Sabine Pass expansion, page-3

  1. 362 Posts.
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    PV1 has their CNG technology solution patent all construction ready however my understanding is the company is not actively pursuing gas contracts going forward. The company has stated that it remains open to discussions with Gas companies that they have previously had consultations with, however the company is using its funds for progressing the H2 side of the business. The gas industry has really taken a turn since the energy crisis with Russia as well as more global ambition towards green energy. Gas companies won't wish to start any new long term projects in regards to gas. The story mentioned here is just more LNG being sold. All the infrastructure and tankers are already in place for this to happen it doesn't require rolling out anything new. They are most likely keen to quickly sell what gas they have as the demand in future years comes right down. That's my take
 
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