+- ShareholdersUnite Forums (http://shareholdersunite.com/mybb)
+-- Forum: Companies (http://shareholdersunite.com/mybb/forumdisplay.php?fid=1)
+--- Forum: InterOil Forum (http://shareholdersunite.com/mybb/forumdisplay.php?fid=4)
+--- Thread: L-T Price of LNG Cargoes... (/showthread.php?tid=11502)
L-T Price of LNG Cargoes... - johnwgrant - 11-19-2016
Back when MH was selling out InterOil, the price of Oil was plunging and spot cargoes of LNG were going for incredibly low prices...
So, oil prices have rebounded to about $46/barrel. However, I have not heard much about what has happened to LNG pricing. I know that contracted LNG pricing was being renegotiated by some parties. However, does anyone know where this ended up - and are these prices still tied to the price of oil?
Also, spot pricing, I assume it has gone back up - but, I do not know where that information is published.
So, if we have anyone knowledgable in this area, please enlighten me ! Thanks !!!
PS: Last, but not least, since a number of LNG projects have been shelved, what is the picture looking ahead for the year that LNG is "short" -- ie, demand will exceed supply (even with new projects being completed)....
TIA !!!
RE: L-T Price of LNG Cargoes... - jft310 - 11-19-2016
Here's a link
https://www.eia.gov/dnav/ng/hist/n9133us3m.htm
RE: L-T Price of LNG Cargoes... - Putncalls - 11-19-2016
Asian LNG sells for ~BRENT/7 or <7$ with oil at < 49$. RJ thinks oil prices still have another 50% to go. before the end of 2017.
RE: L-T Price of LNG Cargoes... - jft310 - 11-19-2016
If RJ is right the longer it takes to get a deal the better
If Brent is $49 and moves to $73 per barrel RJ prediction . If Asian LNG is $7 it would move to $10.50 with that type oil price move ,
Well above Interoil's projections for the Total build and an add on train at PNGLNG per Oil Search is $2-3 Billion less than the Total greenfield build . Interoil stated their plant could be profitable around $7 LNG so at PNGLNG would be profitable a little above $6. And prices if RJ are right would be $10.50. Very very profitable build !