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Joseph Merback
Is fracking ban an issue for REXX
Igor Greenwald
I don’t think so. Pennsylvania and Ohio aren’t going to ban fracking.
What about last weeks IPO of HMLP? Am I understanding correctly that their lng tankers are able to deliver lng to a harbour which doesn´t have specific infrastructure? If so, shouldn´t that give them a significant edge over their competitors?
Igor Greenwald
I think you’re referring to the Floating Storage and Regasificiation Units (FSRU’s), which can certainly transport the LNG. HMLP’s competitors own these as well. It’s true that the FSRU’s might be the only plausible option for ports without comparable land-based equipment. But most of the LNG trade takes place along longtime, long-term routes, and I suspect that in most cases a regular LNG tanker delivering to a land-based regasification terminal would be the more economical option past a certain import volume. HMLP is nevertheless a promising LNG play, and Robert reviewed it here: http://www.investingdaily.com/21026/another-lng-play-steams-ahead-2/
Stock Talk
Joseph Merback
Is fracking ban an issue for REXX
Igor Greenwald
I don’t think so. Pennsylvania and Ohio aren’t going to ban fracking.
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Peter
What about last weeks IPO of HMLP? Am I understanding correctly that their lng tankers are able to deliver lng to a harbour which doesn´t have specific infrastructure? If so, shouldn´t that give them a significant edge over their competitors?
Igor Greenwald
I think you’re referring to the Floating Storage and Regasificiation Units (FSRU’s), which can certainly transport the LNG. HMLP’s competitors own these as well. It’s true that the FSRU’s might be the only plausible option for ports without comparable land-based equipment. But most of the LNG trade takes place along longtime, long-term routes, and I suspect that in most cases a regular LNG tanker delivering to a land-based regasification terminal would be the more economical option past a certain import volume. HMLP is nevertheless a promising LNG play, and Robert reviewed it here: http://www.investingdaily.com/21026/another-lng-play-steams-ahead-2/
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