The Monday Chart| To put Alaska's in-state gas prices in global context, once wkly we compare Enstar's current Gas Cost Adjustment v. global markers. Current Enstar price is 36% ⬇️ Asia, 130% ⬆️ L48. 5yr forward avg, Enstar 13% ⬇️ Asia, 124% ⬆️ L48. #akleg
Even though it's not projected to be available until 2031, we have also started including Wood Mackenzie's recent projection of the delivered cost of #AKLNG Phase I. At 2031 start-up date, projected AKLNG Phase I price is 50% ⬆️ Asia.
This Wk's Top 3| Where are oil prices headed (and how Alaska could avoid caring), one conclusion we hope the #akleg education task force will reach & what JERA's decision means for #AKLNG.
https://buff.ly/ux3We7p
The Monday Chart| To put Alaska's in-state gas prices in global context, once wkly we compare Enstar's current Gas Cost Adjustment v. global markers. Current Enstar price is 32% ⬇️ Asia, 145% ⬆️ L48. 5yr forward avg, Enstar 12% ⬇️ Asia, 129% ⬆️ L48. #akleg
Even though it's not projected to be available until 2031, we have also started including Wood Mackenzie's recent projection of the delivered cost of #AKLNG Phase I. At 2031 start-up date, projected AKLNG Phase I price is 51% ⬆️ Asia.
🙄 Meanwhile, back in the real world, in what it called a major, long-term rebalancing of its portfolio, which leaves little room going forward, JERA, Japan's largest LNG purchaser, signed 4 large-scale contracts yesterday with US Gulf Coast LNG suppliers. #akleg #aklng https://buff.ly/tB77d1B
Major (5.5 mtpa) rebalance toward the US, but #AKLNG not included. #akleg
"Japan's biggest power generator has agreed to new supply deals for U.S. liquefied natural gas from four projects to diversify its global portfolio away from its reliance on Australia." https://finance.yahoo.com/news/japans-jera-agrees-buy-us-203414386.html
The Monday Chart| To put Alaska's in-state gas prices in global context, once wkly we compare Enstar's current Gas Cost Adjustment v. global markers. Current Enstar price is 27% ⬇️ Asia, 150% ⬆️ L48. 5yr forward avg, Enstar 10% ⬇️ Asia, 137% ⬆️ L48. #akleg
Even though it's not projected to be available until 2031, we have also started including Wood Mackenzie's recent projection of the delivered cost of #AKLNG Phase I. At 2031 start-up date, projected AKLNG Phase I price is 50% ⬆️ Asia.
The good and bad of having been around the industry a long time is you've come to recognize the difference between what's real and what's theater mostly designed to keep the money rolling. #akleg #aklng https://buff.ly/zVCyJUT
🤷 For those interested, this is largely a meaningless number. It's expressions of interest, not commitments. And it includes double counts. "Investment" would fund spending, but this combines both. #akleg #aklng https://buff.ly/iqlVtpj
The Monday Chart| To put Alaska's in-state gas prices in global context, once wkly we compare Enstar's current Gas Cost Adjustment v. global markers. Current Enstar price is 25% ⬇️ Asia, 159% ⬆️ L48. 5yr forward avg, Enstar 7% ⬇️ Asia, 133% ⬆️ L48. #akleg
Even though it's not projected to be available until 2031, we have also started including Wood Mackenzie's recent projection of the delivered cost of #AKLNG Phase I. At 2031 start-up date, projected AKLNG Phase I price is 52% ⬆️ Asia.
While #AKLNG receives a small mention in this story, it's clear that it's just a very small piece of a much, much more complex set of issues. #akleg https://on.ft.com/3HsVaJS via @ft
The Monday Chart| To put Alaska's in-state gas prices in global context, once wkly we compare Enstar's current Gas Cost Adjustment v. global markers. Current Enstar price is 27% ⬇️ Asia, 169% ⬆️ L48. 5yr forward avg, Enstar 10% ⬇️ Asia, 129% ⬆️ L48. #akleg
Even though it's not projected to be available until 2031, we have also started including Wood Mackenzie's recent projection of the delivered cost of #AKLNG Phase I. At 2031 start-up date, projected AKLNG Phase I price is 53% ⬆️ Asia.
The Monday Chart| To put Alaska's in-state gas prices in global context, once wkly we compare Enstar's current Gas Cost Adjustment v. global markers. Current Enstar price is 24% ⬇️ Asia, 178% ⬆️ L48. 5yr forward avg, Enstar 7% ⬇️ Asia, 131% ⬆️ L48. #akleg
Even though it's not projected to be available until 2031, we have also started including Wood Mackenzie's recent projection of the delivered cost of #AKLNG Phase I. At 2031 start-up date, projected AKLNG Phase I price is 52% ⬆️ Asia.
The Monday Chart| To put Alaska's in-state gas prices in global context, once wkly we compare Enstar's current Gas Cost Adjustment v. global markers. Current Enstar price is 21% ⬇️ Asia, 140% ⬆️ L48. 5yr forward avg, Enstar 8% ⬇️ Asia, 129% ⬆️ L48. #akleg
Even though it's not projected to be available until 2031, we have also started including Wood Mackenzie's recent projection of the delivered cost of #AKLNG Phase I. At 2031 start-up date, projected AKLNG Phase I price is 49% ⬆️ Asia.
The Monday Chart| To put Alaska's in-state gas prices in global context, once wkly we compare Enstar's current Gas Cost Adjustment v. global markers. Current Enstar price is 19% ⬇️ Asia, 147% ⬆️ L48. 5yr forward avg, Enstar 6% ⬇️ Asia, 132% ⬆️ L48. #akleg
Even though it's not projected to be available until 2031, we also have started including Wood MacKenzie's recent projection of the delivered cost of #AKLNG Phase I. At 2031 start-up date, projected AKLNG Phase I price is 51% ⬆️ Asia.
The Monday Chart| To put Alaska's in-state gas prices in global context, once wkly we compare Enstar's current Gas Cost Adjustment v. global markers. Current Enstar price is 20% ⬇️ Asia, 215% ⬆️ L48. 5yr forward avg, Enstar 3% ⬇️ Asia, 143% ⬆️ L48. #akleg
Even though it's not projected to be available until 2031, we also have started including Wood MacKenzie's recent projection of the delivered cost of #AKLNG Phase I. At 2031 start-up date, projected AKLNG Phase I price is 53% ⬆️ Asia.
The Monday Chart| To put Alaska's in-state gas prices in global context, once wkly we compare Enstar's current Gas Cost Adjustment v. global markers. Current Enstar price is 25% ⬇️ Asia, 184% ⬆️ L48. 5yr forward avg, Enstar 8% ⬇️ Asia, 139% ⬆️ L48. #akleg
Even though it's not projected to be available until 2031, we also have started including Wood MacKenzie's recent projection of the delivered cost of #AKLNG Phase I. At 2031 start-up date, projected AKLNG Phase I price is 53% ⬆️ Asia.
The Monday Chart| To put Alaska's in-state gas prices in global context, once wkly we compare Enstar's current Gas Cost Adjustment v. global markers. Current Enstar price is 28% ⬇️ Asia, 159% ⬆️ L48. 5yr forward avg, Enstar 6% ⬇️ Asia, 140% ⬆️ L48. #akleg
Even though it's not projected to be available until 2031, we also have started including Wood MacKenzie's recent projection of the delivered cost of #AKLNG Phase I. At 2031 start-up date, projected AKLNG Phase I price is 52% ⬆️ Asia.
The Monday Chart| To put Alaska's in-state gas prices in global context, once wkly we compare Enstar's current Gas Cost Adjustment v. global markers. Current Enstar price is 33% ⬇️ Asia, 177% ⬆️ L48. 5yr forward avg, Enstar 5% ⬇️ Asia, 148% ⬆️ L48. #akleg
Even though it's not projected to be available until 2031, we also have started including Wood MacKenzie's recent projection of the delivered cost of #AKLNG Phase I. At 2031 start-up date, projected AKLNG Phase I price is 58% ⬆️ Asia.
The Monday Chart| To put Alaska's in-state gas prices in global context, once wkly we compare Enstar's current Gas Cost Adjustment v. global markers. Current Enstar price is 31% ⬇️ Asia, 117% ⬆️ L48. 5yr avg, Enstar 16% ⬇️ Asia, 135% ⬆️ L48. #akleg
Even though it's not projected to be available until 2031, we also have started including Wood MacKenzie's recent projection of the delivered cost of #AKLNG Phase I. At 2031 start-up date, projected AKLNG Phase I price is 55% ⬆️ Asia.
🤷 With a private sector lead organizationally, we've sort of caught up to where we were in 2016 before Exxon stepped down as the #AKLNG project lead. But Glenfarne is not an Exxon, and this project carries ENORMOUS risks. It's fine as long as #NoMoreStateMoney is involved. #akleg https://buff.ly/OBr76z4
