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There is an analysis of all the current LNG projects showing their internal rate of return.This may explain ICN's current sp. Even giant projects like the Conoco-Phillips/Origin APLNG project only gets a 14.9 % internal rate of return and will barely make the approval hurdle.
When you consider the economies of scale that the APLNG has, and the fact that they will be using their patented Optimised Cascade LNG technology (which is the cheapest),
then you have to wonder what hope ICN really has. Even if they found all their own gas it would be very tough to make a project fly. If they had to buy their own gas , they would be up S creek without a paddle.
Some good news is that , in my opinion, ICN is now getting down into take-over territory.There is bound to be some company out there that think they can beat the odds and make it all work using their own gas and ICN's GSA.
Is BPT cashing up for a reason such as this?
Will RJ be a fly in the ointment?
Who knows what evil lurks in the heart of men?.......The Shadow Knows!!,......and he says there will be volatility in the next few months.