TheGlobe.com Inc (TGLO)

[NorthPeak22]

I finally got to the Poten & Partners webinar from last week. There was actually some good insight from the Asia analyst, Irwin Yeo, about what Chinese buyers are looking for. I'm paraphrasing and not directly quoting here. He said that the Chinese, as a whole, are no longer sitting back and looking to purchase LNG strictly for downstream use. They are now opening European offices to be closer to the gas trading hubs so that they can become players in the worldwide LNG trading game. The state run majors feel that they are currently well supplied with LNG from previous SPA's and are now looking to be "opportunistic" buyers going forward on new deals. While tier 2 buyers are looking for lower liquefaction and trading fees bc they cannot pass the cost onto their customers. What Chinese buyers are looking for, in addition to better pricing, is the ability to add value to their portfolios by buying equity in LNG projects. He said that the major focus from buyers going forward is the flexibility to use the gas internally or have the favorable terms work in their benefit so they can trade it internationally for a profit. There was also a Delfin mention by Jason Freer. If you're interested here is the link....bit.ly/3LJ2kt8
If it asks for a passcode it's LNGexpand23!