The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Sean Edmund Morgan - Evercore ISI Institutional Equities, Research Division - Analyst
: So I was just thinking about the CCL Midscale T8 and 9. So if I'm looking at this correctly, then it be about 5 MTPA that you're (inaudible) for those,
based on that chart on 9. So you already have, I think, 3 MTPAs signed up with SPAs contingent on some form of FID. So if you file for the preapproval,
what's the earliest that you think the government would approve that? And do you view 3 out of 5 as being effectively fully subscribed in terms of
the desired offtake?
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SEPTEMBER 12, 2022 / 9:00PM, LNG.A - Cheniere Energy Inc Capital Allocation Update
Question: Sean Edmund Morgan - Evercore ISI Institutional Equities, Research Division - Analyst
: Okay. And then as you kind of look to the longer term on the right-hand side of that chart on Page 9 that, are you guys seeing increased sort of
pencil sharpening by the Europeans to sort of get back into this market and start signing up kind of beyond the flow of SPAs we've seen so far in
'22. Is that like coming soon, would you say?
Question: Chris Tsung - Webber Research & Advisory LLC - Analyst
: I wanted to ask about how pricing has trended on a term basis from the start of the year. Obviously, not all deals are up, that happens. But prices
started to rise. Are they still being weighed down by some more (inaudible).
Question: Chris Tsung - Webber Research & Advisory LLC - Analyst
: Yes, sure. Can you hear me better now?
Question: Chris Tsung - Webber Research & Advisory LLC - Analyst
: I wanted to just ask about how pricing has generally trended throughout the year since the start and not apples-to-apples, but just wanted to get
a sense if they're still being weighed down by some greenfield discounters.
Question: Chris Tsung - Webber Research & Advisory LLC - Analyst
: Right.
Question: Chris Tsung - Webber Research & Advisory LLC - Analyst
: Okay. And just as a follow-up for Midscale 8 and 9. It looks like in the letter, the construction date starts in 2024 and has a 2031 in-service date. I
just wanted to get some color on the duration of construction for these 2 trains. It looks like it's around 7 years compared to what we're expecting
for Stage 3 with 7 trains.
Question: Chris Tsung - Webber Research & Advisory LLC - Analyst
: Yes. Sorry, is this better?
Question: Chris Tsung - Webber Research & Advisory LLC - Analyst
: I see. So it will be well within 2031?
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