The most likely explanation, IMHO, is that Qenos is having trouble securing ethane at a viable price.
If STO can supply the LNG plants with a gas mixture that includes a few percent of ethane they can probably make more profit than splitting the ethane out and shipping it to Qenos.
I don't know the composition the LNG processors demand, but overseas LNG can include as much as 9% ethane:
http://www.beg.utexas.edu/energyecon/lng/LNG_introduction_07.php
Because EPX isn't party to the supply negotiations, holders are left in the dark, doubly so when Qenos can't supply a consumption forecast past December.
Hopefully, they will conclude an agreement for a larger supply shortly.
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Last
2.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $16.46M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25000 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.5¢ | 195747 | 1 |
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| Last trade - 07.00am 17/06/2025 (20 minute delay) ? |
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