Message-ID: <18102874.1075845386536.JavaMail.evans@thyme> Date: Fri, 27 Apr 2001 21:08:00 -0700 (PDT) From: paul.y'barbo@enron.com To: wayne.perry@enron.com, clay.harris@enron.com, dan.masters@enron.com Subject: EcoElectrica LNG Cargo in January 2002 Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Paul Y'Barbo X-To: wayne.perry , clay.harris , dan.masters X-cc: X-bcc: X-Folder: \Y'Barbo, Paul\Y'Barbo, Paul\EcoElectrica X-Origin: YBARBO-P X-FileName: Y'Barbo, Paul.pst Based on today's closing NYMEX prices there is $1.9 MM of price difference between EcoElectrica's 2002 Winter Cargo Commodity Charge plus Commodity Surcharge and the delivered cost of 83,000 CBM of LNG. That is $5.61 vs $4.61. This assumes we pay a day rate of $50,000/day for the vessel, Jan '02 NYMEX is $5.41, and the FOB price for LNG is $2.66. Let's stay in touch about the possibilty of landing a spot cargo into Puerto Rico in January. As we discussed, how we play this with Cabot is a big issue. There could be an additional $4.7 MM of value that could be captured by Eco if Cabot were unable to release its right to not deliver a Winter Cargo. Also, let's continue to think about how we make the logistics work and how we can get Cabot's cooperation if needed. Also, note that Eco may need 2 cargoes of this size to make it until the Early Spring Cargo. Paul