The whole enchilada or PRL15

[jft310]

Relker-IMHO IOC has zero money issues because of the coming sell down.Most fail to understand when IOC declares FID the assets are booked and IOC can then borrow from any bank in the world if necessary.More important- The Japanese government has voluntered to fully fund the the LNG build out and guarantee it. This is public information first disclosed in 2007. The offer still standing from the Japanese govt was in exchange for offtake from E/A Its expected that IOC will be paid for the assets as they complete certain tasks. Upfront some money, step 2 maybe open the CSP more money, step 3 maybe open the LNG facility etc.(See doublebaggers post on this page)
The exact schedule for payments I don't have nor does doublebagger.
Money has never been the issue.
IOC had to have the assets to get these deals and A-3 finally put them over the top.