The company expects to have long-term supply contracts from 2020 or 2021, he said, and remained confident of its long-term strategy.
Toshiba's tolling deal with freeport requires it to pay liquefaction plant fees even if it does not use the facility topro-duce its share of LNG.
It exposes toshiba to $7.4 billion in liquefaction charges over 20 years, according to Reuters calculations based on a tolling fee of $3.25 per million british thermal units.
As potential profits from shipping US gas to Asia are eroded, japan's kansai Electric power Co has agreed to a swap arrangement with france's Engie to reduce shipping costs, and Osaka gas has sold some Freeport LNG to Germany's.
"there are a number of players trying to sell out of their U.S. Positions," said an industry source with knowledge of USLNG resale efforts.
"Anyone who has not sold them yet will find to do. Us LNG is out of the money given recent market conditions and things are projected to get even worse over the next two years. "REUTERS
The company expects to have long-term supply contracts from 2020 or 2021, he said, and remained confident of its long-term strategy.Toshiba's tolling deal with freeport requires it to pay liquefaction plant fees even if it does not use the facility topro-duce its share of LNG.It exposes toshiba to $7.4 billion in liquefaction charges over 20 years, according to Reuters calculations based on a tolling fee of $3.25 per million british thermal units.As potential profits from shipping US gas to Asia are eroded, japan's kansai Electric power Co has agreed to a swap arrangement with france's Engie to reduce shipping costs, and Osaka gas has sold some Freeport LNG to Germany's."there are a number of players trying to sell out of their U.S. Positions," said an industry source with knowledge of USLNG resale efforts. "Anyone who has not sold them yet will find to do. Us LNG is out of the money given recent market conditions and things are projected to get even worse over the next two years. "REUTERS
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