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Redman wrote:De Dragon wrote:Redman wrote:So you’ve gone from ALWAYS operating 24/7 to M1 being taken off line to divert gas.
Sounds like taking M1 offline due to limited gas.
The 2012 link quotes Yara...shutting one plant cuz of gas shortages....optimizing their business,
And it generally identifies the truth about conditions then.
But let’s take Dragons word since he wok dey.
Lol
Like you're not getting the simple fact that these plants ALWAYS ran prior to JUHN and Goebbels "negotiations"
Curtailment plus increased gas price saw the measures that have taken place being necessary. You think any operator makes the decision to shut down a plant easily?
You can insist all you want on lionizing JUHN and Goebbels, but they facked up royally, and agreements like those are generally for quite some years, so essentially we're screwed for quite a while.
Uh you're the only one focusing on individuals in the middle of what is a decades long process that came to a head
Contracts signed in the 90s under in a different world are now being renegotiated under entirely different conditions
curtailments started in 2010.
BP/Shell seeing about their business and want more for gas they produce.
Downstream seeing about theirs
Poten says up to 6B USD per year was lost to transfer pricing.
BP and Shell were the beneficiaries.
We need to see about ours and that process is being dealt with.
Redman wrote:Numbers you should read the Poten doc and Farrell's point of inflexion to get great high level POV.
Make sure to read past the exec summary.
Dragon remains typically fixated on the PNM...the big picture remains elusive to him.
..BP and Shell demanded higher prices for gas.
...over the last decades, specifically 2010-2014..Poten says we lost billions.
We lost revenue due to their manipulation of the supply chain of LNG.
...We have repositioned and are restructuring the entire commercial side of the gas complex...and have collected some proceeds that we would have missed otherwise.
All of this has been in the press...
It's a tough time...and a complex period.
But it's Rowley and Young fault.
Redman wrote:Numbers you should read the Poten doc and Farrell's point of inflexion to get great high level POV.
Make sure to read past the exec summary.
Dragon remains typically fixated on the PNM...the big picture remains elusive to him.
..BP and Shell demanded higher prices for gas.
...over the last decades, specifically 2010-2014..Poten says we lost billions.
We lost revenue due to their manipulation of the supply chain of LNG.
...We have repositioned and are restructuring the entire commercial side of the gas complex...and have collected some proceeds that we would have missed otherwise.
All of this has been in the press...
It's a tough time...and a complex period.
But it's Rowley and Young fault.
Redman wrote:That is the point.
There is no easy path.
Some eggs will have to be broken.
That'll do pig,that'll do.
BP/Shell makes more money from LNG...as a result of their shareholding and the fact that they sell the LNG.
They have no liability to PTL for curtailment.
So if they don't sell to PTL they lose only the profit from the sale.
But of course they still have the gas.
Meanwhile NGC is on the hook for the shortfall.
Where is the leverage?
Redman wrote:Chavez like blow out.
Right.
Again plants shut down....as you posted the industry is cyclical.
BP and Shell are the major suppliers...and the contracts were at end of life and WE want them to renegotiate on the LNG complex in order to recapture revenue lost to transfer pricing...billions per year.
That was done and the GORTT received payment and is changing how the LNG compensation is dealt with.
And you suggest a Chavez like position.
Ok.
Redman wrote:And again as repeatedly stated thhrough out the thread....the negotiation was done with a wider scope than just PTL.
And yes getting it right for us is more important than any specific plant in PTL.
If you have not caught on to the that fact by now...then ok.
Redman wrote:Lol
Morning Zoombindranath
How is freedom treating you?
Redman wrote:Well we can't all be the insightful bastion of all-inclusive morality that you are.
Out of an abundance of concern, can you point out specific instances of these dastardly mis truths....I will retract immediately.
The list is too longRedman wrote:Aha. Well again we can't
If it's everything just point out a few. That shouldn't take you long.
And also can you list what are the acceptable sources of info...that you've screened?
I'm waiting for an example of a mis truth so I can correct them all
DreamWeaver wrote:So I just took a read of the Sunday Business Guardian's interview with Franklin Khan and I must say, I am confused. Frankie said Atlantic Train 1 will be back up in mid April AND that an M5000 gas contract is imminent. Where all this gas magically coming from now? Didn't he recently say 2021 will be a bad year for gas?
https://guardian.co.tt/news/government- ... dcc16294a2
ST Auto wrote:M4 an m5 down indefinitelyFB_IMG_1617283178962.jpeg
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