The attached spreadsheet allows you to easily calculate Eco's year-end LNG inventory for a variety of cases that vary dispatch rate, # days of outage for CT1, and number of cargoes diverted between now and year-end. Simply enter your assumption for number of days of CT1 outage in cell A16 and the number of cargoes you want to divert in cell A23. The year-end inventory is automatically calculated. A negative number means that you require more LNG than you are entitled to receive.

Assuming that you want the LNG tank full at year-end:

1. Eco will be able to receive 100% of the remaining 6 cargoes if the CT1 outage is 60 days or less

2. 175 days of CT1 outage are required to result in Eco being able to divert 1 cargo and still have a full tank at year-end

3. a 60-175 day outage for CT1 results in surplus LNG but whether or not it is enough to market depends on how much the outage exceeds 60 days

The above figures assume a 76% dispatch and 95% availability on days that Eco is not assumed to be in an outage.


Paul