Siv reply triggered the memory a bit more. The reason the BTAs are left until the last minute is that once the tollers sign, they have taken themselves off the market. From their perspective they don't want to sign until they are confident in the project. Leaving it until now they can see all the figures and ferc progress. If they signed 6 months ago they run the risk of signing, having the project not go ahead for whatever reason and then be left with no gas 6 months later and no negotiations started.
LNG Price at posting:
$1.30 Sentiment: Buy Disclosure: Held