It's a Binding Tolling Agreement. It's based on LNGL's business...

It's a Binding Tolling Agreement. It's based on LNGL's business model. LNGL plans to charge a toll to liquefy the natural gas. Another party buys and arranges transport and delivery. Part of LNGL's financing agreement will be based on having legal customer agreements in place before final investment decision. Once the BTA's are in place, financing will be secured with these usually 20 year agreements as a guarantee of income. There is no doubt in my mind that these agreements need to be in place for the project to proceed. Exchanger, please express your opposing view if you have one.