10-24-2015, 12:51 AM
Look at the Citi report the estimated cost for a 2 train plant build has dropped per them to $12.9 Billion . Exxon cost was $19 Billion earlier Interoil estimate was $16 Billion . The drop in oil prices may be a GOD send for plant build costs . If oil prices recover the way this manager states could happen LNG contract prices would fully recover so Interoil could capture low build costs and lock in high LNG sale prices .
Very large margin which means .....,
toward $130 a barrel. He speaks with Bloomberg's Alix Steel and Scarlet Fu on "What'd You Miss?"
Why Crude Oil Prices May Hit $130 a Barrel in 2017 - Bloomberg Business