Sakartvelo, I was surprised this morning that we weren’t in the infrastructure plan. AMLO did actually give us the heads up that it was going down on Friday, but I missed it in the headlines until late Sunday. What threw me off was the glimpse many reporters gave of the plan beforehand, that it would be announcing projects that would amount to roughly $10B USD.. and that Sempra’s ECA project ($2B) would be part of that. This left just $8B of other projects. Our three projects alone (really a 3-part development) are worth $9.4B in initial investment.. the off-take pipelines are all ADDITIONAL $$$$. With the off take agreements we’ve heard of at this point (somewhere between 1-2bcf per day), AND a likely partnership with the government for the Salina Cruz LNG facility, our projects are likely somewhere in the ball park of $13B. And that’s not the ceiling either, our 48” San Fernando line can supply at least 3.5 bcf per day, so the infrastructure to deliver the available capacity would add to the $13B investment.
Today, they announced 29 projects. 9 of which were in energy and the rest were in road construction or transportation. Our 3 projects alone surpass these 29 in value. Jaw dropping sized mega projects.
I write this because although I was taken back this morning.. upon further reflection, our projects are of such magnitude they are worthy of their own announcement. And if size weren’t enough, the nature of them being public-private partnerships make them a kind of crown jewel to the 4T administration.
Lastly, the unprecedented massive buy orders over the past several trading days speak to the fact that some heavy hitters have seen things we haven’t had the luxury to. Oh well, the money talks!
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