A simplistic approach for BP level who ignores the oil indexation of such projects

An unfortunate and very simplistic approach for BP level whose fundamental assumptions are problematic since those projects are not priced with the spot NBP market price but are based on LongTerm contracts which are oil indexed. But to be honest even with replacement value pricing the money strean will come at best from 2020 onwards and will cover 2%/a of their GDP!!

Cyprus will struggle to make gas math work | Considered View | Breakingviews.

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