LNG Ltd Magnolia project

LNG Ltd report showing financial model for Magnolia LNG project.
- 2 x 2.0mtpa LNG trains
- 3.4mtpa guaranteed LNG sales
- Capital cost of $US2.2 billion
- EBITDA of US$380mill per annum for 20 years

On this basis EWC's US$600mill for 2mtpa is good value.

Using these figures EBITDA should be $190mill per annum for Sengkang LNG project.

Therefore by end of 2015 EWC's EBITDA should be something like $280mill:
- Sengkang LNG $US190
- Pagbilao Hub $US60
- Sengkang power stn $US30

A target share price therefore should be around $2 mark, so share price is looking cheap at 34cents!!