RE: Barrow8 Aug 2021 12:03
The idea that Infa has an interest at Barrow has been suggested by Bubble on a number of occasions and regardless of anything in any RNS's to suggets otherwise, AFAICT, we don't.
I posted this back on 28th October last year.
"It was only a term sheet they were going to enter into for the acquisition of the FSRU project.
And conditional on final investment decision (FID) currently estimated to be taken within 36 months of the Sales and Purchase Agreement.
Although as we all know that was expected to be executed on or before 31 July 2020.
But it was updated in the Appledore acquistion RNS.
"The Company now has the possibility of tying the FSRU project into existing infrastructure, both offshore and onshore. This has the advantage of bringing project CAPEX down substantially and fast-tracking the project to FID earlier than envisaged. Further value engineering work is being conducted to determine the technical and commercial viability of such tie-ins into existing infrastructure.
Whilst the Company is keen to progress this project, it needs to ensure that all the fundamentals are in place and that it has the optimal solution to offer further LNG import capacity in the UK, which is not only technically competent but also economically viable. Accordingly, the Company shall be undertaking the various workstreams as discussed above and shall proceed to execution of the SPA in Q4. This timeline may come forward should the Company complete these workstreams ahead of time and COVID-19 travel restrictions be eased enabling access to specialists on-site. " "
Nothing regarding the SPA ever came up to the point where they said that they were no longer interested in the project.
Be happy to be proved mistaken, though. But in all recent info from the company they only mention having an interest in four sites, not five.
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