Good post. I only mentioned revenue whereas your opex of $6/GJ could be right. The higher the gas price the more attractive EMP becomes. What is interesting assuming Esso have similar opex costs is the cost just to install the infrastructure is greater than the cost $/PJ for EMP over it's life. If I have looked at this correctly then it makes EMP very attractive.
There is certainly a reason why gas is $13+/GJ of late and that comes down to low supply and high opex costs. Even if they ship it in there is still opex in getting the gas, condensing it, shipping it, uncondensing it, not to mention environmental damage with the LNG terminal operations.
EMP Price at posting:
6.6¢ Sentiment: Buy Disclosure: Held
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