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Simply enter your assumption for number of days of CT1 outage in cell A16 and the number of cargoes you want to divert in cell A23.
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The year-end inventory is automatically calculated.
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A negative number means that you require more LNG than you are entitled to receive.
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Assuming that you want the LNG tank full at year-end: 1.
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Eco will be able to receive 100% of the remaining 6 cargoes if the CT1 outage is 60 days or less 2.
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175 days of CT1 outage are required to result in Eco being able to divert 1 cargo and still have a full tank at year-end 3.
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a 60-175 day outage for CT1 results in surplus LNG but whether or not it is enough to market depends on how much the outage exceeds 60 days The above figures assume a 76% dispatch and 95% availability on days that Eco is not assumed to be in an outage.
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Paul
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Thanks!!!!
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I didn't realize that you were still in Hong Kong.
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10,969
How's life???
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Are you married?
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I can't remember.
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Married life is good.
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Different but good.
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Paul
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Based on today's closing NYMEX prices there is $1.9 MM of price difference between EcoElectrica's 2002 Winter Cargo Commodity Charge plus Commodity Surcharge and the delivered cost of 83,000 CBM of LNG.
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That is $5.61 vs $4.61.
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This assumes we pay a day rate of $50,000/day for the vessel, Jan '02 NYMEX is $5.41, and the FOB price for LNG is $2.66.
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Let's stay in touch about the possibilty of landing a spot cargo into Puerto Rico in January.
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As we discussed, how we play this with Cabot is a big issue.
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There could be an additional $4.7 MM of value that could be captured by Eco if Cabot were unable to release its right to not deliver a Winter Cargo.
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Also, let's continue to think about how we make the logistics work and how we can get Cabot's cooperation if needed.
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Also, note that Eco may need 2 cargoes of this size to make it until the Early Spring Cargo.
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Paul
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I read through all of Todd's e-mails regarding COU's and they all had to do with EcoElectrica.
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None of them contained a draft document.
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Let's talk to Clay on Monday and get him to update us on Dan's efforts and forward a draft document if he has one.
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10,987
Regards, Paul
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Meg, I am using the cellular phone mentioned in your note.
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My Company Number is 1105 and my RC is 120588.
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10,990
Regards, Paul
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10,991
Clay, I see that the NYMEX is off another 16-cents today.
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Do you have a feel for what Henry Hub price causes LNG to stop moving to Lake Charles?
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Paul
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I left a message with Dan Rogers regarding the availability of a COU in draft form.
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10,995
I have a hard copy of a COU that I believe came from OLNG.
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10,996
I can fax it to you tomorrow.
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Is your fax still 91-22-2881793?
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Regards, Paul
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10,999
Today is good.
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11,000
What time?
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11,001
How about 12 noon?
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Paul
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Thanks!!!
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Perfect.
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11,005
I'll meet you near the fountain but in front of my building.
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11,006
I'm sure that you already knew this but FYI.
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Paul
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I'm available on Monday.
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Thanks!
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Have a great holiday.
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Well, actually I see it as finally finding someone that could appreciate those ideosyncracies and recognizing them as the gems they are.
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11,012
Ha Ha!!
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11,013
I'm involved in Enron's LNG business.
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11,014
My focus is fuel management for two power projects - EcoElectrica (Puerto Rico) and Dabhol (India).
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India is nothing but problems as you may have heard.
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11,016
Great to hear from you and know you are alive and well.
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11,017
Stay in Touch, Paul
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11,018
Axel, I tried to phone you at your office and your cellular but could not reach you.
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11,019
Please e-mail me with your new contact numbers.
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11,020
I hope that you are doing well and enjoying your new role.
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11,021
Regards, Paul
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11,022
Tuesday, May 8th is fine
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11,023
If we worked out a price structure similar to the last cargo, we could eliminate the price risk by paying the following for the LPG: 1400 MT at a Fixed Price (represents amount borrowed that went to April sales) 2900 MT based on May Mont Belvieu plus Premium 1 2800 MT based on June Mont Belvieu plus Premium 2 and 2900 MT based on July Mont Belvieu plus Premium 3 The Fixed Price for 1400 MT and the Premiums 1,2, and 3 are under discussion with Suzanne.
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11,024
This structure matches the cost of product with ProCaribe's sales revenue.
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11,025
Question: How does ProCaribe get paid for the 15 days of product that goes with the Progasco sale?
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11,026
Paul
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11,027
Wayne, I'd like to discuss this further with you.
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11,028
Primarily, does this make me "officially" Dan's supervisor?
dev13
11,029
I can see some pluses to that arrangement.
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11,030
Paul
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11,031
How are you doing through all of the uncertainty associated with DPC these days?
dev13
11,032
Are we still waiting for the lenders to decide whether or not they will continue funding the project?
dev13
11,033
What is the MSEB's current position?
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11,034
I'll give you a call Wednesday morning (Mumbai time).
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11,035
Best Regards, Paul
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11,036
Have you been able to get a draft COU agreement from Clay?
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11,037
How is your move coming?
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11,038
Paul
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11,039
OK with me.
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11,040
Jaime, Have you tried Gus Luna or Debbie Keller with Edison Mission?
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11,041
Gus was handling the actual transactions.
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11,042
I kept my own calculations of the settlement amounts but Gus should have copies of the settlement invoices from Enron.
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11,043
Paul
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11,044
Jimmy, Shubh Shrivastava suggested that I contact you regarding getting on the distribution list for news articles relating to the DPC project.
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11,045
I work for Wayne Perry in Houston in the LNG group.
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11,046
We will be performing the services under the Fuel Management Agreement.
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11,047
I am, of course, very interested in reading what the Indian press is printing about the current state of the project.
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Thanks, Paul
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Mauricio, Please change my FAX number to 713 646-6560.
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11,050
Thanks, Paul
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Are you on the distribution list for these news clips?
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Paul
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I only know what I read in the press.
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11,054
Sounds like they want to give the govt a little more time to come to their senses.
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Paul
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Please see my changes in attached doc.
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Thanks, Paul
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PLEASE REPLY TO ME IF YOU RECEIVE THIS MESSAGE.
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