01-31-2014, 08:47 PM
So, in other words if this Gas Agreement is in accordance with the 2009 Project Agreement, there will not be a 50/50 Agreement. Nevertheless, I can imagine this scenario is still feared and Total wants it from the table. This might be the reason that in the roadshow:
1. PM was mentioned as location for the LNG-plant as Palm suggested
2. The entrance barrier for a stake was highered by:
- a license payment before the start of the project
- a 40/60 financing of the JVOA although most LNG-projects have more leverage
3. The mentioning of a strategic Japanese partner in order to secure a low interest loan.
1. PM was mentioned as location for the LNG-plant as Palm suggested
2. The entrance barrier for a stake was highered by:
- a license payment before the start of the project
- a 40/60 financing of the JVOA although most LNG-projects have more leverage
3. The mentioning of a strategic Japanese partner in order to secure a low interest loan.