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Not much at this point, but sometimes one is selling at a discount to the other, so not not the one that is sale? I have been in AEXP since before the merger plan was ever announced. I later added some MNLU as it was at the time more liquid than AEXP, more volume and tended at the time to move up faster and higher in rallies. Now that has changed lately.
Yes I still see $5/share for MNLU as a good target, maybe by year end even.
I don't know.
Congrats to those that were long overnight!!!!
Reverse split requires stockholder approval. Not yet voted on.
Thanks, I see now that it was a US software company in 2006, and some sort of merger, conversion to a China BioTech in 08, so with out the dividend, I am going to watch and wait for now, till the China sector Shorts turn around, and things settle down.
I already have plenty of stocks that are loosing share price right now, LOL.
I forget the exact numbers, the 1/2 million a month is not the well peak capacity, it is the current pipeline unused capacity. The BP well should be able to produce something like 4-5 times that IIRC, but that will require additional delivery capacity.
I wonder if it might make more sense to liquify some of the NG at the well, and ship it by truck, versus waiting on and arranging the addition of expanded pipe line capacity.
But I agree, I suspect they are looking to grow the company organically, unless a deal falls in their lap that is too good to pass up.
I noticed the options dilution as well, but lets keep in mind, they are not dilution until and if they are exercised.
I really do not expect any dilution at all, at least not until after the merger, and not until the BP well is tied in and producing. Any dilution before the merger, would screw up the merger terms, and add to the SEC filing delays IMHO, and be unnecessarily dilutive. I see no reason they can not handle it with short term investor loans, etc, especially if they can produce cash flow by October 2011.
The $5 million to complete the well may already include the tie in costs?
I think they have already paid some of the old $4 million in debt, with unsecured loans from insiders. Next 10-Q will detail how much they have left to raise, and should be out in about 4 weeks, just about the time the road might be dry enough to use to get to the BP site. But yes, there is money to be raised and spent. But look how easily they raised 40 million in credit 18-24 months ago, when there was no credit to be had, for a much smaller play, and on excellent terms!!!! A lot of the 5 million for completion has already been spent (Months ago, pre ordered) on previously ordered equipment to complete the well, so some of the 5 million budget may be overlapping the 4 million in bills, or in other words same dollars.
Guigenheim was not greedy last time, gave them a 40 million dollar line of credit, as a partner on the prior much smaller projects, with out MNLU stock equity or greedy terms, why would they be greedy now? Makes no sense. They (Guggeneheim) already own 8% of the BP well!!! And Guggenheim pays for 10% (or maybe more??) of the cost of completion, so not all of that bill goes to MNLU!!!
They should be producing about $500,000/month in cash flow from NG sales from the BP well by October, 2011. That is 6 million/yr in cash flow!!!!!!
The next big push, and costs will be to increase the local pipeline capacity!!!! That is where and when all the wheeling and dealing will happen, year end or early next year, after the merger is completed and the first well is producing NG and cash flow.
Nope, that is old, old news here. But it did use more of MNLUs cash up faster than was originally planned for, and helped them exceed their original budget for their share. That said, they knew this before they started drilling about 9 months ago!!!
I just finished reading the 10-K myself. Note that it was filed today afterall, so they were not even a full day late, LOL.
Here are the highlights that I noticed:
During our fiscal year ended February 28, 2011, we recorded a $10,549,454 gain from discontinued operations (2010 - $34,575 loss from discontinued operations). As a result, our net income for our fiscal year ended February 28, 2011 was $5,342,972 (2010 - net loss of $4,216,987).
Stockholders' equity increased from $428,240 as of February 28, 2010 to $10,891,107 as of February 28, 2011.
I have been watching this one for a long while, thinking it has reached the undervalued screaming buy. Only problem is that it is a China stock, and the trend is sell, or worse if shorts or SEC decides to screw things up.
So I have some questions.
(1) How did this one go public in the US? R/M and thus suspect, or what?
Jiangbo (another China pharmatech) trading was halted a few days ago by Nasdaq, asking for info with little warning (at least non that I saw). (note the cheese there was getting temping there too, way oversold!!)
Was the last dividend canceled, or is the news of it just not listed on my Fidelity brokers data yet.
The PE and dividend (If unchanged) looks like a screaming buy here, but have not really looked all under the rug yet. Any bodies buried here, anything scary I have overlooked, except for 52 week new lows?
I really like that this one seems to have about 7% dividend??? Thus putting it in a different class, unless they dilute and go on a shopping spree, or cancel the dividend?
What am I missing, why is this one selling off?
In other stocks on Wall Street today, rumor has it that someone forgot to post the signs:
"Please don't feed the Bears"!
LOL
Last minute proof read probably found some minor stuff that needed correcting, or data error was caught that needed research.
This ain't no dead cat bounce folks!!!!
Here is some huge news to sink our teeth into:
http://seekingalpha.com/article/272614-germany-to-hobble-itself-via-nukes?source=email_global_markets
If Germany is giving up on Nukes, will the world soon follow!!!!
If Germany is now afraid of them, what chance do lower tech countries have?
I owned a nuke utility stock (PSNH) that got buried in the 1980's by this kind of fear. They finished a nuke plant, but were never allowed to turn it on. Depreciation of the non working asset wiped out a $22 book value per share in 16 months. We may see a repeat. This will fuel (pun intended), a push to alternatives, including clean coal and the need to have a way to capture and reuse the CO2 byproduct with technology like MVTG has.
Stocks in dollar land that had naked shorts seem to get covered in a buying spree just before the 1st and 15th of the month when the FINRA reports are due, then they re short the next day. Been seeing that pattern a lot lately.
If the analysts are right, and we turn a profit 4th quarter of 2011, and see the reports 1st quarter 2012 to confirm, $1 may be the bottom and the buying opportunity of the decade for BCON. Till end of the year, we may trade between $1-2, unless big news of new sales drops on us.
And here is some huge news to sink our teeth into:
http://seekingalpha.com/article/272614-germany-to-hobble-itself-via-nukes?source=email_global_markets
If Germany is giving up on Nukes, will the world soon follow!!!!
If Germany is now afraid of them, what chance do lower tech countries have?
I owned a nuke utility stock (PSNH) that got buried in the 1980's by this kind of fear. They finished a nuke plant, but were never allowed to turn it on. Depreciation of the non working asset wiped out a $22 book value per share in 16 months. We may see a repeat, and BCON would I think benefit from this turmoil.
Can't answer, need date, bid/ask you saw, details..
Fidelity has shown bid/ask as .20/.30 for days, while it traded at .10 to .15
I have seen lots of screwed up quotes every where in OTCBB and pink sheet stocks even on OTC L2 the last 10 days. Been complaining to Fidelity, and posting about it here. I think there is a problem(s) with the data we are getting.
I think we may have bottomed here, lots of volume buying at .12 today, with volume bid support, 20% above the close at .10
I would expect shorts to cover before the R/S when there are plenty of shares to drown in, not after. Then they would re-short after the R/S while in dollar land where the short margin is much lower.
LOL, it is all about having the right chemistry sir!!! Even testosterone!!!! Like the right stuff!!!! LOL
If you think I am being an*l, you should seen some of my professors!!!!!!!!!!!!!!!!!!!!!!!!!
They made me look tame!!!!
LOL
Good enough to know right now. I hope the recent BOD, director change does not delay the 8-K. But nice to know, we should expect one form or the other right away.
This is one place to watch for the report!!!!
http://secwatch.com/mnlu/10k
Geo, with 1 mil shares of AEXP, let us both hope you were wrong, LOL!!!! If not, we are both scr*wed!!!
Let the debate begin! LOL
I suggest you reread your source material...
en.wikipedia.org/wiki/Heat_of_combustion
Please check your facts
You will find that cyclohexane does have more energy stored in it than n-hexane when compared on a per molecule or per mol basis (which is what I clearly referred to in my original post). I believe that you were looking at the numbers for MJ/kg which is not unitized to molar mass.
The table in your link is incomplete, you will also need to reference this site:
http://en.wikipedia.org/wiki/Cyclohexane - where you will find that it's heat of combustion is:-3920 kJ/mol.
I will admit, however that I did make an error in my original post. Cyclohexane has two stable shapes allowing it to bend 3 dimensionally and negate all ring strain. Though it is the only cyclic compound capable of this and is a rare exception.
I been here for 2 years, not going anywhere (me that is, LOL).
I wonder why it is that we never hear exactly what Nasdaq asked for more information on?
Over 1/4th of the float (shares not held by institutions and insiders) are SHORT!!!! Over 20% of the OS is SHORT!!!!
http://shortsqueeze.com/?symbol=yrcw&submit=Short+Quote%99
Opps! Thanks for the catch!!! Yes it would be .28, not .24
Multi-tasking strikes again, was looking at three stocks in the same price range, and got turned around....., must have taken the .06 bid, in the calc, instead of the ask.
Time for some Caffeine I guess LOL!
You need to retake organic chemistry 101.
http://en.wikipedia.org/wiki/Heat_of_combustion
Heads up people! Lots of volume buying in AEXP at .07 all day today. That equates to MNLU at .24/share!!!! I already grabbed a bunch.
Solid steady buying of cheap shares in volume at .07 here all day!
No doubt in my mind the DRYS CEO's retirement fund will get it's grubby little hands on most of that cash.
I was going over the math on YRCW 97% dilution we are expecting in return for some debt cancellation, and I still think I see value in shares at the $1 level and lower for now.
My simple calc on post R/S and post debt to common share dilution is:
($1.00/.03) = $33.33/share
Depending on the next R/S (assuming they do one right away, this year) that would return the market cap to about $1 billion dollars I think.
The value is even more apparent if the price goes to .50 or lower.
Au contraire, mon capitan!
It will answer concerns about whether or not bills are being paid, and how they are being paid, which should put certain nasty rumors to bed!!! It may also have surprise funding details which have IMHO held the price down.
There was way too much volume and too many $$s for it to be just retail players IMHO. Everyone was waiting for the bottom, including the shorts, expecting it to go lower.
SURPRISE!!!!
I suspect this means somebody is planning to defend the $1 area with big dollars the rest of this year, until the financials turn around? Analysts are still expecting a 4th quarter profit out of these guys?
My current case for another MHAN bounce UP:
Current market cap is sitting at about 1.5 million dollars. Last quarters profit report was 3 times the current market cap!!!!
Current lead product has an annual market potential of $100 million /per year from what Carol told me a few months back. By the way, her last day at MHAN was last week.
Pending R/S will give them a chance to raise needed cash for Phase III, with new shares or new convertible debt, with out hitting a billion shares OS, and with out going sub penny. R/S will not take us over $1, where the shorts would immediately attack the share price!!!
I could be wrong, I expect to see .03 to .04/share once more before the R/S. So I see .01 to .015 as low risk buy here right now.
I am long, and I am adding here.
I feel certain we will get the report tomorrow. Gerry told me weeks ago they expected to file it near the end of May, which would be right on time. I just hope it goes into enough detail to squash any more attempts to drive the price even lower, like the recent unfounded rumors of unpaid bills and lawsuits.
One thing is for sure, the next 2 days are likely be exciting!!!!!
I agree for the most part. But the Shell news seemed to say the net was 3 trillion equivalent, making me think they may have done an equivalent conversion for the liquids to NG. I think they did, but I am not sure that condensate equivalent in cubic feet, is equal in price to NG or LNG. So with out further data, it is hard to say what the Shell find's real numbers are. IIRC a good 70-80% of the expected yield for Shell is NG, with condensate liquids being 75% of the remaining 75%, so less than 5% crude oil expected, maybe 15% condensates.
For an offshore rig like Shell plans, and using sea water for cooling, to compress the NG into LNG, I wonder if the condensates are really that much more valuable once offloaded to transport ships versus LNG?
For sure, there is at least an order of magnitude difference in the capital cost to reach the HCs, and a good 5-7 year time delay for Shell.
One thing is for sure, with the BDI collapsing, and a glut of container and dry bulk ships on the high seas, the ship builders are going to love this news of huge new vessels to be built that are 5 times the size of aircraft carriers!!!!
Why isn't there more than 2-3 months of stock price data (since April) on this stock on the Ihub charts?
I think I see some bits and pieces of news here:
http://stockguru.com/about/mvtg/
See number 15 in the link below.
http://www.businesspundit.com/25-most-promising-products-for-2011/
http://www.businesspundit.com/pulling-profits-out-of-carbon-capture-an-interview/
BV= Buena Vista site where the BP (Burkly Philips) well number one is located. JV= Joint Venture
To the others, on the 14 trillion cubic feet, I am not sure, do we need to convert to BOE? or are the units in the Shell news the same, making the MNLU 14 trillion cubic feet, dwarf the Shell find?
I do see that the Shell find has condensates and liquids, and the 3 trillion cubic feet seems to be cubic feet equivalent to natural gas. So if the units are right, that makes MNLU's find 4 times the Shell find, which I find hard to believe, so I suspect there is a units conversion we are missing here. If not that makes the MNLU find value up in 50 to 100 billion dollars?
If that is true, all I can say is WOW!!!!! I may be able to afford gasoline again soon.
Here are the numbers from one of the articles:
The FLNG facility will tap around 3 trillion cubic feet equivalent of resources contained in the Prelude gas field. Shell discovered the Prelude gas field in 2007.
Some 110,000 barrels of oil equivalent per day of expected production from Prelude should underpin at least 5.3 million tonnes per annum (mtpa) of liquids, comprising 3.6 mtpa of LNG, 1.3 mtpa of condensate and 0.4 mtpa of liquefied petroleum gas.
LOL, I am not feeling depressed, it is more like buying gasoline at Walmart for .30/gallon or barrel, IMHO!!!!! But, yes I noticed that, and I was waiting to see who else, if any caught onto that. The dollars Shell is spending on that rig dwarfs the values we have placed on MNLU, and correct me if I am wrong, but the MNLU find is about 1/3 of the Shell find, and they are spending how many billions of dollars just to get at it, with brand new technology?????
The $10 billion-plus facility will weigh around 600,000 metric tons fully loaded, or six times as much as the largest aircraft carrier.
A few other numbers related to the project:
* Annual energy production: 3.6 million tons of LNG, 1.3 million tons of condensate and 400,000 tons of liquefied petroleum gas.
* No. of engineers on the project: 600
* 4 soccer fields, laid end to end, would be shorter than the facility’s deck
* 75 Olympic-sized swimming pools could hold the same amount of liquid as the facility’s storage tanks
* 6,700 horsepower will be the power of each of the three thrusters used to steer the facility
* 50 million liters of cold water will be drawn from the ocean every hour to help cool the natural gas
* 6 of the largest aircraft carriers would displace the same amount of water as the facility
* 105 meters is the height of the turret that runs through the facility, secured to the seabed by mooring lines
* -162° Celsius is the temperature at which natural gas turns into LNG
* 1/600 is the factor by which a volume of natural gas shrinks when it is turned into LNG
* 90 percent of Hong Kong’s annual energy demand could be met by the facility’s annual LNG production
JAPAN WANTS MORE
Increased LNG demand from leading importer Japan (NYSE: MCO - news) after a tsunami ruined several nuclear reactors and prompted the closure of others has improved the prospects for all gas exporters.
Japan has increased its LNG imports by 20 cargoes a month by some estimates and the tsunami may result in Japan bumping up LNG imports by 7 to 8 million tonnes from 70 million tonnes of LNG in 2010, analysts say.
China imported just over 9 million tonnes of LNG in 2010, but its consumption is expected to rocket five-fold to 46 million tonnes by 2020.
Earlier this week, Shell signed an agreement to supply Taiwan's CPC Corp with 2 million tonnes of LNG per year for 20 years.
Someone bought 214,444 shares at .105 on May 18th. May have been that same buyer that dumped Friday at .08, but it was nice to see .08 hold so well with that many shares dumped all at once. It could also be that some one was foolish enough to have a stop loss sitting there at .08 for the MMs to grab Friday.
Interesting Seeking Alpha article here:
http://seekingalpha.com/article/272013-opportunity-for-investors-in-china-s-mandate-to-increase-use-of-renewable-energy?source=email_global_markets
I wrote a post to it about MVTG there today.
To say that this is huge news, is HUGE understatment!
http://seekingalpha.com/article/272274-shell-s-natural-gas-play-floating-in-profits?source=email_alternative_energy_investing
Australia, like America, is awash in natural gas. But Australia’s gas isn’t conveniently located under terra firma, near existing pipelines. We have that luxury and advantage.
Most of the gas down under is in giant underwater deposits, located more than 100 miles from Australia’s shores. Developing some of its largest fields, far from any landmass, has been a problem without a solution … until now. This is an interesting opportunity for investors looking to capitalize on innovation in natural gas production outside of the United States.
LNG production is headed for the high seas. Last Friday, Royal Dutch Shell plc (RDS.A) announced plans for the world’s first floating liquefied natural gas (FLNG) manufacturing ship. However, calling the Prelude FLNG project a ship really doesn’t do it justice. It’ll be the world’s largest floating man-made object, weighing approximately 600,000 tons. To put it in perspective, that’s six times the size of the world’s largest aircraft carrier.
After researching the concept for 15 years, it took Shell engineers more than 1.6 million man-hours to design it. The Prelude will be constructed from 260,000 tons of steel by Samsung (SSNLF.PK) at its Geoje Shipyard in South Korea.
Construction is expected to take four years, with initial service beginning in 2016. And how much will this behemoth cost? Shell estimates somewhere between $10.8 billion and $12.6 billion. You can see a conceptual video of the Prelude here.
Shell made the announcement from Perth, Australia for a reason. Prelude will initially be located 125 miles off the coast of northwestern Australia. Once anchored, it will remain in place for 25 years. That’s the estimated life of the Prelude field in the Browse Basin.
The Prelude field was first discovered by Shell back in 2007. It’s estimated to contain three trillion cubic feet of natural gas. Annual production will be about 5.3 million tons of liquids. This will be comprised of 3.6 million tons of LNG, 1.3 million tons of condensate and 0.4 million tons of liquefied petroleum gas.
Once production is complete at the Prelude field, Shell plans to move it to other fields where the company has an interest.
FLNG is a Natural Gas Game-Changer
According to Ann Pickard, President of Shell Australia, FLNG will upset the natural gas production cart:
This will be a game-changer for the energy industry. We will be deploying this revolutionary technology first in Australian waters, where it will add another dimension to Australia’s already vibrant gas industry.
Beyond [Prelude], our ambition is to develop more FLNG projects globally. Our design can accommodate a range of gas fields. Our strategic partnership with Samsung should enable us to apply it progressively faster for future projects.
We see opportunities around the world to work on other FLNG projects with governments, energy companies and customers.
Australia is one of Shell’s key growth areas. It expects the investment in Australia could top $30 billion in just the next five years. Its major projects include the Prelude field and the Gorgon natural gas field. Gorgon and the adjacent Jansz-lo gas fields are estimated to contain as much as 40 trillion cubic feet of natural gas. Both could remain viable sources for as long as 60 years.
Shell also has a 25 percent interest in the Gorgon project, with Chevron Corporation (CVX) and Exxon Mobil Corporation (XOM), which each hold a 25 percent interest in the project, too.
Full Steam Ahead for FLNG
Why is FLNG so revolutionary? Simple. Many offshore wells that contain oil also contain large amounts of natural gas. In the past, a small portion of the gas has run the turbines that supply power to the oil rig. Oil pumped up from below can simply be loaded into tankers. But there’s been no economical way to liquefy the gas and ship it to shore. So the bulk of it has simply been burned at the top of giant flare-off towers.
The Shell announcement that it’s building the Prelude marks a huge vote of confidence for what is now a fledgling industry. That won’t be the case for long, however. That’s why Shell’s FLNG project represents the beginning of what will become standardized practice in a decade or so.
Demand for LNG globally was 220 million tons in 2010. That’s expected to triple in the next 20 years. The introduction of the FLNG concept has spawned a flurry of interest in LNG. Argentina, Brazil, Kuwait and Dubai are recent members of the LNG buyers’ club.
Thailand and Singapore will shortly open their first LNG receiving terminals, and Indonesia, Malaysia, Pakistan, Sri Lanka and the Philippines all have others in the works. Projections are that most if not all Asian countries could soon be importing LNG. A similar picture is emerging in South America, Europe and the Middle East.
The growth in global LNG receiving terminal capacity is skyrocketing. It was about 350 million tons in 2005. That grew to 600 million tons last year, and it could reach nearly one billion tons by 2015.
In a situation gas producers love, demand is running ahead of supply, and no one sees that picture changing anytime soon.
Shell has plans for more FLNG units on the drawing boards, including its Greater Sunrise projects in East Timor, and others in South America, Cyprus, East Africa and Indonesia.
In short, FLNG will change the way gas is transported and priced, and make it available to many countries that have no resources of their own. Royal Dutch Shell is leading the charge, and investors should target the natural gas revolution as a reliable long-term investment.
To say that this is huge news, is HUGE understatment!
http://seekingalpha.com/article/272274-shell-s-natural-gas-play-floating-in-profits?source=email_alternative_energy_investing
Australia, like America, is awash in natural gas. But Australia’s gas isn’t conveniently located under terra firma, near existing pipelines. We have that luxury and advantage.
Most of the gas down under is in giant underwater deposits, located more than 100 miles from Australia’s shores. Developing some of its largest fields, far from any landmass, has been a problem without a solution … until now. This is an interesting opportunity for investors looking to capitalize on innovation in natural gas production outside of the United States.
LNG production is headed for the high seas. Last Friday, Royal Dutch Shell plc (RDS.A) announced plans for the world’s first floating liquefied natural gas (FLNG) manufacturing ship. However, calling the Prelude FLNG project a ship really doesn’t do it justice. It’ll be the world’s largest floating man-made object, weighing approximately 600,000 tons. To put it in perspective, that’s six times the size of the world’s largest aircraft carrier.
After researching the concept for 15 years, it took Shell engineers more than 1.6 million man-hours to design it. The Prelude will be constructed from 260,000 tons of steel by Samsung (SSNLF.PK) at its Geoje Shipyard in South Korea.
Construction is expected to take four years, with initial service beginning in 2016. And how much will this behemoth cost? Shell estimates somewhere between $10.8 billion and $12.6 billion. You can see a conceptual video of the Prelude here.
Shell made the announcement from Perth, Australia for a reason. Prelude will initially be located 125 miles off the coast of northwestern Australia. Once anchored, it will remain in place for 25 years. That’s the estimated life of the Prelude field in the Browse Basin.
The Prelude field was first discovered by Shell back in 2007. It’s estimated to contain three trillion cubic feet of natural gas. Annual production will be about 5.3 million tons of liquids. This will be comprised of 3.6 million tons of LNG, 1.3 million tons of condensate and 0.4 million tons of liquefied petroleum gas.
Once production is complete at the Prelude field, Shell plans to move it to other fields where the company has an interest.
FLNG is a Natural Gas Game-Changer
According to Ann Pickard, President of Shell Australia, FLNG will upset the natural gas production cart:
This will be a game-changer for the energy industry. We will be deploying this revolutionary technology first in Australian waters, where it will add another dimension to Australia’s already vibrant gas industry.
Beyond [Prelude], our ambition is to develop more FLNG projects globally. Our design can accommodate a range of gas fields. Our strategic partnership with Samsung should enable us to apply it progressively faster for future projects.
We see opportunities around the world to work on other FLNG projects with governments, energy companies and customers.
Australia is one of Shell’s key growth areas. It expects the investment in Australia could top $30 billion in just the next five years. Its major projects include the Prelude field and the Gorgon natural gas field. Gorgon and the adjacent Jansz-lo gas fields are estimated to contain as much as 40 trillion cubic feet of natural gas. Both could remain viable sources for as long as 60 years.
Shell also has a 25 percent interest in the Gorgon project, with Chevron Corporation (CVX) and Exxon Mobil Corporation (XOM), which each hold a 25 percent interest in the project, too.
Full Steam Ahead for FLNG
Why is FLNG so revolutionary? Simple. Many offshore wells that contain oil also contain large amounts of natural gas. In the past, a small portion of the gas has run the turbines that supply power to the oil rig. Oil pumped up from below can simply be loaded into tankers. But there’s been no economical way to liquefy the gas and ship it to shore. So the bulk of it has simply been burned at the top of giant flare-off towers.
The Shell announcement that it’s building the Prelude marks a huge vote of confidence for what is now a fledgling industry. That won’t be the case for long, however. That’s why Shell’s FLNG project represents the beginning of what will become standardized practice in a decade or so.
Demand for LNG globally was 220 million tons in 2010. That’s expected to triple in the next 20 years. The introduction of the FLNG concept has spawned a flurry of interest in LNG. Argentina, Brazil, Kuwait and Dubai are recent members of the LNG buyers’ club.
Thailand and Singapore will shortly open their first LNG receiving terminals, and Indonesia, Malaysia, Pakistan, Sri Lanka and the Philippines all have others in the works. Projections are that most if not all Asian countries could soon be importing LNG. A similar picture is emerging in South America, Europe and the Middle East.
The growth in global LNG receiving terminal capacity is skyrocketing. It was about 350 million tons in 2005. That grew to 600 million tons last year, and it could reach nearly one billion tons by 2015.
In a situation gas producers love, demand is running ahead of supply, and no one sees that picture changing anytime soon.
Shell has plans for more FLNG units on the drawing boards, including its Greater Sunrise projects in East Timor, and others in South America, Cyprus, East Africa and Indonesia.
In short, FLNG will change the way gas is transported and priced, and make it available to many countries that have no resources of their own. Royal Dutch Shell is leading the charge, and investors should target the natural gas revolution as a reliable long-term investment.