The $4-6/MMBtu spread requiremnt for profitability really clarifies why there's such a divide right now. Companies taking FID are essentially making a multi-decade bet on structral Asian demand growth outpacing supply additions, which is a much harder call than just riding the current tightness.
The $4-6/MMBtu spread requiremnt for profitability really clarifies why there's such a divide right now. Companies taking FID are essentially making a multi-decade bet on structral Asian demand growth outpacing supply additions, which is a much harder call than just riding the current tightness.
Absolutely. Everybody insists they're not fighting the last war, but I'm skeptical.
Great read, subscribed!