So EWC has the expertise to put the bits together to make modular LNG work. Chart and Siemens just make the parts therefore EWC have a defacto monopoly on stranded gas to LNG. (in a nutshell so the story goes) I like the business model that they're using, cashflow from existing power generation, they own, on a field they own to fund the LNG'ing the remaining gas in said field with a plant they will build. BUT am I right that this small scale LNG is a first and that EWC provided the engineering for this first.. aka 'it's their baby' I understand the 'build it and they will come' aspect that is a reversal of usual practice for LNG and as such is put up as a risk in that long term contracts are what is needed to underwrite continued success and therefore without them there is risk that 'they won't come' I'm willing to discount this risk my only question is, will it work? Technically speaking? Any engineers out there want to take a punt?
Commissioning is bound to be delayed (based on nothing more that Murphy's law)and is to be expected by any realistic investor IMHO but does anyone have any good clue as to the likely technical chances of success in this small scale LNG? OK I've taken a punt based on the CV's of these guys and their chosen partners and that they and their financiers clearly think so given the money spent.
Mindful of how the market finds out that a ?broken bearing causes power outage at their powerplant I'm guessing that this commissioning will test investors nerves & patience, I'm hoping for assurance of success, thus this threads title. I hold but expect chances to top up.
