I would say they would have to get at least the Henry Hub spot price which is very low at the moment at USD 2.79 MMBtu. Down 35.27% from July last year.
PLN (Indonesian State Electricity Company) have over the years referred to EWC as a LNG supplier for their power plants in Bali etc. Now, according to Petromindo.com last Friday "PLN postpones announcement of LNG supply tender winners".
It will be interesting to see if EWC are one of the companies selected to supply LNG.
Only time will tell.
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