Comments on: An Algerian gas deal. Lovely.

By: C Falzon

C Falzon — Fri, 18 Jan 2013 17:40:11 +0000

In reply to FP. Well, he already answered that. He already said there is no need for him to provide it as you can Google it yourself.

By: Josette Jones

Josette Jones — Fri, 18 Jan 2013 15:02:19 +0000

Daphne, you’re giving elves a bad name. We all saw what lovely people they are in the Hobbit and Lord of the Rings films. I’d prefer if you called the Labour minions trolls, please.

By: Kris

Kris — Fri, 18 Jan 2013 14:14:17 +0000

This is an extension of the oiginal deal signed in 1988, and not at all like Labour’s hunt for new deal now.

http://allafrica.com/stories/201301080080.html

By: billy goat

billy goat — Fri, 18 Jan 2013 13:44:21 +0000

I honestly thought that Labour actually started to think things through, after spending so much time on the opposition benches. Then again, the “elves”, as you hilariously describe them, cock up.

By: Giovanni

Giovanni — Fri, 18 Jan 2013 13:02:37 +0000

Any bets that Cyprus Joseph will come out with this this evening on Xarabank without reading it.

By: Jar Jar

Jar Jar — Fri, 18 Jan 2013 12:41:22 +0000

You can always get a 10-year price deal – at a price that factors in all the uncertainities in this world – and that would be a very hefty price indeed.

Admittedly, the price could be staggered – so much in the first two years, then a step up etc but the overall long term price would still be much higher than one hedged in the short term.

By: Neil Dent

Neil Dent — Fri, 18 Jan 2013 12:35:13 +0000

Do these people read/watch the international news at all? Is Super One or Maltastar carrying the Algeria story?

By: FP

FP — Fri, 18 Jan 2013 12:18:01 +0000

By the way, if Konrad, being promoted by the LP as an expert in the field with so many possible contacts in the company that employs him as consultant, has not managed to find a relevant contract and plaster it on 1234 billboards all over the island, no Elf will ever manage to dig one up.

By: FP

FP — Fri, 18 Jan 2013 12:02:08 +0000

Not only is the the price at which the deal was made key to the whole issue.

There’s another fact about this deal that makes it totally irrelevant to our situation:

This deal speaks of 4 BILLION CUBIC METRES PER YEAR OF LNG FOR A 10 YEAR PERIOD, equating to a deal for the secured supply of 40 BILLION CUBIC METRES OF LNG.

Now, with a monthly shipment to keep Konrad’s tanks full, we require an estimate of 720,000 cubic metres of LNG per year. That means that Konrad would want to strike a deal for the secured supply of a total of 7.2 million cubic metres of LNG (60,000 x 12 x 10).

I don’t know about you, but for me if I’m buying 5555 times less than what Turkey would be buying, I expect the price Algeria would ask me to pay would be higher. Much higher.

This apart from the fact that that report, as you correctly state, does not speak of price. It only speaks of secured supply. We have no idea whether the price would be fixed or allowed to fluctuate within agreed limits.

Trust idiots to argue:

“You see! A 10-year contract for the supply of LNG!”

Well, as long as it’s for 10 years …

By: Wilson

Wilson — Fri, 18 Jan 2013 11:59:52 +0000

You’re good! Somebody on this island sees the picture.