TheGlobe.com Inc (TGLO)

[JAB65]

Let's get this party started! Just around the corner finally.

In conclusion:
Strong commercial, financial and technical momentum supports an FID in Q2 2023 and lays the foundation for rapid expansion
Lowest cost US Liquefaction project of abt. 720 $/tpa all-in(1)
Lowest FID threshold of 2.0 to 2.5 MTPA
Commercial and financial flexibility for each FLNGV
Expansion capacity of >20 MTPA
First binding agreements for 2.5 MTPA signed
Targeting FID in Q2 2023 for the first FLNGV
Developing for rapid growth and expansion

Thinking out loud aren't the two HOA's also with two companies who have been promised a piece of the equity pie? If so, it stands to reason that the terms of the commodity/LNG pricing aren't the issue. The two existing SPA's are Henry Hub based, I believe, so the two HOA's probably already have agreement on the LNG pricing component.

It's the EQUITY portion that needs to be hashed out and that probably cant be finalized until Delfin, with Citi's input, decides how to structure the debt/equity components and that piece also requires input from the future debt holders, what they are comfortable with. Remember, each FLNG alone costs circa $2.0 Billion to say nothing of the onshore component etc. That is a big nut.

Just need that final LSTK EPC from Samsung et al and it's showtime.
$TGLO