And that LNG then gets exported to the philipines, converted to...

And that LNG then gets exported to the philipines, converted to power.

1m tonnes lng = 50m mmbtu = enough gas to fire 750mw ccgt at 50% efficiency at 95% utilisation.

Philippine electricity prices run at $200-$240 mwh. 600mw generates about 5gwh and revenue of $1b. The cost of the electricity and gas to ewc generate this is less than $100m-$150m once you back out the profits from the ppa and ppa. The capex required to build the power plants and lng plants is in the vicinity of $1.2b. There will be a few 10s of millions in transport and other costs.

Interestingly Gordon wu, owner of cepa, and Stewart Elliot's last employer is also building a coal fired plant at pagbilao. .