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Gold/Mining/Energy : Big Dog's Boom Boom Room

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Bruce L

donc

To: Jacob Snyder who wrote (179993)	8/9/2013 7:53:28 PM
From: teevee	2 Recommendations Read Replies (1) of 206089

Jacob, Nobody builds LNG facilities without long term contracts with buyers. Long term contracts are needed for project financing and political risk insurance from the world bank. I can see Exxon first earning in and perhaps buying in to prove the resources are there for a 25 year LNG life span. Afterwards, long term contracts must be signed before building LNG, and at this time, the big buyers are balking at long term pricing at oil equivilency ($1/6th of oil price per mcf) so it may be a while before any more are built, and the number of LNG plants built will be a fraction of those on the drawing boards and being permitted....that is how it works.

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