Veresen Inc. T.VSN.DB.B

RE:Jordan Cove will indeed be built..

[righand2]

downwithdotcom1 wrote: WHY??its all about the REVENUE model...JC will be strictly a TOLLING arrangement, leaving all-comers to negotiate their own gas deals. yes, a lot of Asian LNG prices are a function of world oil prices and have thus dropped, BUT north American nat gas prices have fallen even harder keeping the differential just as sweet as before. besides, this is also about SECURITY OF SUPPLY - Asian buyers have previously signed up to 40 year rolling contracts. The CEO himself said that these lower prices have, if anything made this project even more solid. $20 on the FID...dwdc

All LNG plants are evaluated on the basis of tolling agreements, so your argument is a joke. As for your claim that North American natural gas prices have dropped more than oil, that is simply false. If the price of oil recovers to the $80 range, Jordan Cove may get the green light. Otherwise, it is questionable.