Short Term Long / Intermediate Term Short

Jan 20, 2020

Scenario - Early May bottom around $1.3.

Jan 24, 2020

Note

Some research reinforcing the scenario - oxfordenergy.org/wpcms/wp-content/uploads/2019/03/Outlook-for-Competitive-LNG-Supply-NG-142.pdf

See lower end of P - 8
"Under these circumstances, a very competitive feedgas price of approximately $1.25-1.75/mmBtu could be possible, assuming 0.75/mmBtu for the transportation tariff and $0.50- 1.00/mmBtu for the long-term purchase of natural gas."