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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (182595)	2/12/2014 12:02:18 PM
From: Biomaven	Respond to of 206200

>>approves exports from Sempra's Cameron LNG terminal Very good news for Veresen in my view. My concern has been that there might be a pause in approvals; if so Cameron was a somewhat logical place to pause. Veresen's Coos Bay is really a different world from the Gulf Coast facilities and would be the first West Coast export facility and so is not a logical place to pause. My confidence that this will be a good project for Veresen is based on simple economics - there is apparently around $2/MMBTU in lower transport costs when exporting from Coos Bay to Asia than from the Gulf Coast - 9 days vs 22 days+Panama Canal costs. (So basically you need less than half as many ships to transport the same quantity). This upcoming quarter should be good for Veresen anyhow because of high propane prices. But really that's neither here nor there in the long term. Peter