EcoElectrica LNG Cargo in January 2002

Based on today's closing NYMEX prices there is $1.9 MM of price difference
between EcoElectrica's 2002 Winter Cargo Commodity Charge plus Commodity
Surcharge and the delivered cost of 83,000 CBM of LNG. That is $5.61 vs
$4.61. This assumes we pay a day rate of $50,000/day for the vessel, Jan '02
NYMEX is $5.41, and the FOB price for LNG is $2.66.

Let's stay in touch about the possibilty of landing a spot cargo into Puerto
Rico in January. As we discussed, how we play this with Cabot is a big issue.
There could be an additional $4.7 MM of value that could be captured by Eco
if Cabot were unable to release its right to not deliver a Winter Cargo.
Also, let's continue to think about how we make the logistics work and how we
can get Cabot's cooperation if needed.

Also, note that Eco may need 2 cargoes of this size to make it until the
Early Spring Cargo.

Paul