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KOGAS/TOTAL offtake agreement, page-11

  1. 3,607 Posts.
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    PSI,

    fyi - there are two SEC doco's that refer to Total being the "aggregator" of the GLNG offtake agreements..........

    this is where the "annual nomination" comes from

    I suspect that Total has back to back with Kogas / PETRONAS. (this is in a kogas set of accounts).........and also this is where the debt "crux" lies ......

    I believe this is why the debt repayment was made during the last Q ......and I (strongly suspect) it is the ECA debt (supporting facilities)......

    we wil know when the accounts come out.

    as you say - collaboration would have been a better outcome.

    rgds
    V_H
 
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