The most exciting part to me was once again the reaffirmation that th first contracts are still expected to be signed this calendar year. If Brazil first gas is scheduled/assumed by December 2022 then the first ship build would need to commence imminently as it is 3 years to build it.
Figure 11 : Brazil distance 300 km Gas supply 300 mmscf/d Annual Gas 104 PJ Ships required 4 ships First Gas December 2022 Buy US$ 3.00/mscf Sell US$ 6.50/mscf Project Life 20 years
If this is the case the $1.40 could be reached by January next year in my biased opinion.
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