its looking more likely that a deal will be done at a lower price below the 280c that they are hoping for. I think there is guns being held at some heads I think, and its turned into a game of poker where everyone knows each others cards.
Is there really any possibility of gas price going below cost of tolling? Then what is the worry?
I am still not sure why they have sign a contract for 20 years why cant it be 10 with an option of 10.
All players know that oil will be 150 when the OPEC penny drops, so why not get these things going or alternatively Saudis start buying gas assets to make money both ends.
I really cant see Bolivia and Venezuela politically surviving with their GDP going through the floor and continue with this course of action.
LNG Price at posting:
95.0¢ Sentiment: Buy Disclosure: Held
