HZN in the PNG takeover action., page-17

Here is some detail on the stunning profitability of the PNG LNG project that HZN could add its massive Stanley field to.

Research and consultancy firm Wood Mackenzie … estimates a Train 3 expansion of the PNG LNG project could generate an internal rate of return of 24 per cent based on a LNG break-even price of $US6.30 per million British thermal units, making it one of the lowest cost of any proposed LNG projects globally.
Wood Mackenzie said the Papua LNG project is also expected to deliver a 16 per cent internal rate of return based on a break-even price of $US8.50 per million BTU.
Wood Mackenzie's head of Asia Pacific Research Craig McMahon said the economics of Train 3 and the Papua LNG development were both more favourable than Woodside's Browse floating LNG proposal, which awaits a final investment decision in 2016.

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