1 / 4

Egypt - Jordan Concept

Egypt - Jordan Concept. Amin, on behalf of King Abdullah of Jordan, has negotiated/agreed with Egyptian Prime Minister /Energy Minister the following concepts: Jordan will import gas from Egypt directly via Aqaba (i.e., Jordan will not import Egyptian gas via Lebanon)

stuart
Télécharger la présentation

Egypt - Jordan Concept

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Egypt - Jordan Concept • Amin, on behalf of King Abdullah of Jordan, has negotiated/agreed with Egyptian Prime Minister /Energy Minister the following concepts: • Jordan will import gas from Egypt directly via Aqaba (i.e., Jordan will not import Egyptian gas via Lebanon) • A fundamental condition to Jordanian imports is the unfettered right to re-export Jordanian gas to Syria/Turkey/Lebanon • Amin, in conjunction with a prominent Egyptian businessman, will organize a private company to transport and market the gas. • Amin has requested Enron assistance in structuring/marketing/financing, and has offered Enron a 10% non-equity carried interest to be earned at financial close (NPV15 to Enron = $25 million) • Basic terms of proposed Enron/Amin deal along with economic details are attached

  2. Summary Project Economics

  3. Core Project Assumptions Assumptions • Annual Throughput (estimated Jordanian demand) 400mmcfd • Project Capex $553mm • Annual O&M $17mm • Project Term 20 years • Gas Purchase Price at Al Arish ($/MMBTU) $1.20 (equivalent to $1.50 at Taba) • Gas Sales Price ($/MMBTU) $2.00 • Transco Tariff* ($/MMBTU) $0.63 • Marco Margin ($/MMBTU) $0.17 • Debt/Equity (70/30 ) $387mm/$166mm Loan Term 10 years Upfront fee 8% Spread over swapped rate 1% *The tariff paid to Transco is calculated to give it a 15% IRR

  4. The Network Effect Economics In $MM Project NVP 10 cents cheaper 200 MMCF/D supplied by Saudi. 200 MMCF/D additional Gas to Syria; Margin for Marco $0.30/MMBT Base Case, 400 MMCF/D from Egypt. Project NPV at 15% is $115mm All Scenarios Combined Selling 100MMCF/D more in Aqaba.

More Related