"$5 - $7 Mcf"

[jft310]

Independent sources say Exxon is part of these deals. VS the timeline is different then you have written. Assume this is done in Sept/Oct 2012 deals which are binding and Mitsui starts on the CSP construction then . Add 30 months for the construction time and one arrives at first NG at Mar/April 2015.If Exxon starts their expansion at the same time yes they can add more trains by April 2015 and pay for the pipeline from their spur to the IOC/Mitsui CSP. Phil's comment about $5-7 was an offtake deal I think. The IOC pipeline is price talk $100 million range and I think the current talk of $4 per mcf dry NG to Exxon includes the pipeline costs which lowers IOC's price per mcf received from the $5-7 range to $4 per mcf.But IOC gets a pipeline to the Exxon sub sea pipe which runs right by the new stick built IOC/LNG plant and after the Exxon contract expires then IOC can use the same pipeline for their LNG plant. I think Mitsui can build an 8 mbtu modular/stick build name plate in 5 or so years in Gulf Province start to finish. This is a snaphot in time and guess what may change.