"I would wait until the very last moment to sign to extract the best terms from various projects out there. i would need to show my Board that I extracted the best possible deal for a 20 year supply deal".
Indeed Doc, but as for those 20yr deals, well
Tough going atm when you can just put in a Tender on the spot market and get it for a song, but that aint gunna last forever if China has anything to do with it hopefully !
Japan’s Electric Power has snapped up a single cargo of liquefied natural gas (LNG) for May delivery.
Citing traders, Reuters reports the cargo was priced between $7.75 to $7.8 per million British thermal units (mmBtu), however, the supplier remained undisclosed.
Tohoku Electric closed its tender on March 12 in which it sought a single cargo for May 7-13 window on a delivered ex-ship (DES) basis.
The company closed a similar tender in January, securing a cargo to be delivered over the coming days, in March 18-22 window. That cargo was priced at $10.30 mmBtu.
www.lngworldnews.com
Ann: BAML US LNG Prospects Conference Presentation, page-69
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