02-21-2013, 11:46 PM
Well JFT,
Since Gulf LNG CAPEX + OPEX is $1.67/Mcf and stripping revenues are uber-conservatively $1.54/Mcf kinda looks to me like Gulf LNG facilities are basically free from Condensate sales to IOC's own refinery. Didn't a greedy CEO say that puts an extra billion on IOC's bottom line annually??
Since Gulf LNG CAPEX + OPEX is $1.67/Mcf and stripping revenues are uber-conservatively $1.54/Mcf kinda looks to me like Gulf LNG facilities are basically free from Condensate sales to IOC's own refinery. Didn't a greedy CEO say that puts an extra billion on IOC's bottom line annually??