Pipeline AgreementsPEA currently has MOU to pay the development costs of TRP and Enbridge to come up with design and costs for the expansions PEA needs even for supplying Train 1.
My GUESS is that the next public step will be an announcement of agreements that include the investment commitments required of PEA, before TRP and Enbridge would begin the applications for the rgulatory processes.
It is conceivable that before these agreements are announced, PEA uses these hard investment requirement numbers in discussions with potential equity and debt providers. (And despite what PEA consistently IMPLIES, the German government is still one of the POTENTIAL investors.)