RE: Appledore is a go23 Feb 2021 22:14
Erm, again, did I miss where Infa took ownership of anything in Barrow.
Signed a term sheet, way back in May last year but didn't think they ever got to the executing the SPA.
No payments were made or even due until after FID. AFAIA.
Last that was heard on the subject was in the Annual Report In January.
"The Company continues to negotiate the required agreements with potential partners ...
... it is important that we do not commit funding to this project until a clear route forward is mapped out.
In light of the changing energy infrastructure environment, we will continue to pursue the FSRU project but only in partnership with existing infrastructure, should we be able to close a commercial deal with partners who own such infrastructure in Barrow. As a greenfield standalone project, the project does not lend itself to robust economics any longer. Discussions are currently underway and we hope to make further announcements about the FSRU project through the course of the year."