Ann: NAIF credit approval, page-33

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    QPM controls 100% of the dispatch at TPS so QPM can opt not to send gas there. There are no fixed charges payable by QPM under the TPS agreement that came into effect on 1 July 2025, and QPM can also get out of the said agreement on 30 June 2028. After IPS is commissioned, QPM will be in a superior position to renegotiate the TPS agreement with Ratch and also the agreement with NQGP since IPS will not source gas through the NQGP. IPS is a game changer for QPM in more ways than one.

    All IMO and GLTAH.
 
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