|Each time Chevron makes a major capital investment in LNG they pre-sell enough LNG on long-term contracts to pay back the project investment cost.|
When international LNG prices are again high enough to pay for the costs of building Kitmat, Chevron will proceed with the project.
Until customers are willing to sign a long-term LNG purchase contracts at a profitable price, nothing will happen. If you have the financial ability to be that customer, you can make Kitmat happen today.
You can't time the LNG market, but you can easily value it. CVX up 2.58% today.