KBR experts on ammonia technology, so this is a huge tick for...

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30/04/15

16:14

Post #: 15191381
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Originally posted by Hammerhead ↑

Coming from KBR, this is a huge endorsement of LNGL's technology and strategy. The technology's low capital and operating costs, as well as the potential to modularise construction and stagnate project developement, impresses them!

Here are his key points:

"we think it could be very attractive to KBR’s future"
"I think the attraction is that the operating cost and the capital cost are highly competitive and if we get that right, it will be a compelling piece in the market place"
"We think that the mid-sized LNG opportunities are attractive. I think the capital requirements make them a little bit more attractive that we can get there the technology to work, it becomes we feel quite compelling from a return perspective. I think that the opportunity beyond this is clear because the capital intensity is lower"
"But there are opportunities to do more than that, it’s something that’s being explored and for that side in particular and then you can actually replicate that model elsewhere in the world"

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KBR experts on ammonia technology, so this is a huge tick for LNG - they also speak highly of the economics of LNG's model, as you pointed out.

KBR seem risk and margin focussed, and it is interesting that they walked away from the trunkline JV bid - means they were uncomfortable with fixed pricing bidding for that project, but clearly not for ours.
Also the workforce will now be available to Magnolia which is just across the lake.

things are starting to take shape now...

LNG Price at posting: $4.56 Sentiment: Buy Disclosure: Held
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KBR experts on ammonia technology, so this is a huge tick for...

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