The missing part of CNE story I learned during my trip is that investors will not wait till 2018 to see the huge jump in profits. Many things can happen in between. They are planning to sell some compressed natural gas this year, about 10-15 MCF/day. They are planning more gas for thermal generation(25-30 MCF/day) and micro LNG plant (5-10 MCF/day) some time next year. Plus the current pipeline has about 10-15 extra capacity and likely additional 10-15 next year when a new compressor is installed. So there are a lot of incremental increases coming in the next 12 month.
|Selling gas to energy starved areas of Colombia is quite profitable!|