Deeman, I think you need to realise that the price of LNG around the world varies. In 2005 it peaked at about $15 in the us following the hurricances in the gulf. NYMEX tends to be higher
In Australia it is $3-4 on east coast, while WA it is $6. In china it is $7-8 That is why the LNG plants at Gladstone are critical to pricing as exports will be closer to the NYMEX price.
Again this was from MPO info or AOE presentation.
The $20m investment, the plant of that size is proposed may be a stumbing block, but nevertheless achievable. But remember, that the LNG price we discussed is to the plant. Once leaving the plant the price goes up to reflect processing.
MPO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
