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percent will be sold through long term offtake agreements said Mark Gyetvay chief financial officer
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due to changing markets while multiple Southeast Asian and Chinese offtakers are unwilling to discuss
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have expressed interests No long term offtake contracts have been signed and Novatek expects a
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offtake contracts and secure financing or equity partners for their projects But there are risks from
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LNG since 2016 The primary long term buyers of offtake from Freeport LNG Train 1 are Osaka Gas
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September 13 2018 Cost offtake contracts will determine next U S LNG projects Forbes; Sept 10 No matter
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sabine pass train 6 startup by mid 2023 offtake agreements in place with Malaysia s Petronas
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supply from new mostly U S terminals But projects have struggled to find offtakers as the world’s biggest
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offtake deals supporting its growth as global portfolio player S P Global; July 12 ExxonMobil
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offtake contracts to help fund its construction Development of the project would stretch Woodside
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projects could be an anchor for wider demand BMI said “In the face of reduced offtake from traditional [LNG
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owner and operator Novatek and U S LNG producers PetroChina has a 20 year deal for offtake from Yamal
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that with the agreement the projected LNG offtake capacity for Port Arthur Phase 1 10 5 million tonnes is fully subscribed
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project with the decision expected in the first half of this year Other signed offtakers include a joint
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terminal scheduled to start operations later this year on Quintana Island south of Houston Offtakers
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order and 20 year offtake contracts in hand “we plan to immediately commence construction activities
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allowing it to offtake spot cargoes from the project PetroChina’s London subsidiary has been selling spot
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is in discussions with Pembina Pipeline for a liquefied natural gas offtake agreement and equity stake
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for construction The company has 20 year offtake agreements for much of the project’s output with units of Shell BP
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continued difficulty signing up long term offtake contracts Deloitte said in a global energy outlook issued