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21:46
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Originally posted by Homerun78:
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As far as what we see on the ground in these countries and existing relationships with LNG power generation buyers in Korea, Southeast Asia, India and Brazil, majority of them are looking to at the minimum to double up their long term purchase of LNG for the next 5 to 15 years. Again reneweables will grow i do admit but in reality theres a lot of milestones that will potentially impede the growth of reneweables especially in emerging markets. On the contrary natural gas is most predictable and very efficient for baseload power generation. The only conclusion that can be made at this juncture is that coal is dead. The only LNG outlook studies and data i normally refer are the ones produced by Wood Mckenzie. Most reliable and sufficiently referenced.
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You can make all the wild projections you like. The market doesn't believe you. You can blame management all you like but the truth is the projects aren't viable.
