The key trigger in the near-term is the contract with Qatar for gas supply renewal. The indications are that it will be at a lower rate from what the press is reporting. If that is so, I expect it can lead to a small degree of rerating. However, gas volume pick-up and higher utilization is what will drive a bigger rerating. There is a good chance of that happening, but it is hard to predict these things.
There are also some concerns about their recent announcement to expand into petrochemicals, but I think we have to wait for more clarity to emerge on that.
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