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Enron Mail |
Greg, Please call me regarding this note. I just want to be sure that everyone is in agreement. Javier feels that EGM promised EGA a 5-cent margin on LPG sales to Humberto. The lower cost LPG therefore benefits the Progasco Sales Transaction & EGM rather than ProCaribe & EGA. Your thoughts??? Paul -----Original Message----- From: Y'Barbo, Paul Sent: Wednesday, May 30, 2001 11:58 AM To: Chavarria, Javier; Maltes, Miguel; Curran, Greg; Haeussler, Federico Subject: RE: LPG Supply to Humberto Gentlemen, It seems to me that the price should be MB plus $0.12 for every month. The last cargo purchase saw a value gain for ProCaribe through optimization of the pricing structure by using price swaps. The prices below transfer that value gain away from ProCaribe. I cannot tell if the value is being transferred to the Progasco sale or to Tropigas. Comments??? Paul -----Original Message----- From: Chavarria, Javier Sent: Wednesday, May 30, 2001 9:43 AM To: Maltes, Miguel; Curran, Greg; Y'Barbo, Paul; Haeussler, Federico Subject: LPG Supply to Humberto In order to provide Humberto the short term supply we have been talking about for a while, and to secure a 5-cent margin for Procaribe as agreed to with Mariella, we will sell him the product with the following terms: Term: 4 months @ 1MM gal/mo. Start Date: On closing of Progasco sale (June) Pricing: (depending on month of delivery) June MB + 11.25 July MB + 11.00 August MB + 12.00 September MB + 12.00 October MB + 12.00 Miguel has a model contract approved by Coralina with the rest of the standard terms. I suggest we send it to Humberto so he is ready to go by closing. JC
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