Marc Solecitto: Got it. That’s helpful. And maybe just €“ apologies if I missed it, but as far as the 30 TBtu from FLNG, are you using the current strip in your guide?
Wes Edens: We are. Yes.
Marc Solecitto: Got it. Thanks for that. And then maybe just to follow-up on the previous question. Can you talk about the expected CapEx cadence at this point? And then it relates to your dividend, just how you are thinking about the 40% targeted payout over the next couple of years with pullback in spot prices. I guess it’s partly dependent on the CapEx side as well.
Chris Guinta: Hey Mark, yes, so two kind of categories of CapEx, one being FLNG, one big terminals. So, there is very little remaining terminal CapEx. So, between the two terminals in Brazil and then the maintenance stuff at the terminal, that’s pretty minimal, I would say less than $50 million. On CapEx for FLNG 1, we will pay the remaining balance. And I think we have it in the K, but just to step through it, it’s around $250 million left to spend. And we will spend that. Majority of that is going to be in Q2. So, I think in Q1, you will have €“ sorry, and I am thinking from today forward. So, from 12/31 that you will see in the K, it’s probably closer to $400 million that we will spend. And that will all go out, I would say, $100 million in Q1, $200 million in Q2 and $100 million in Q3.
That’s probably the way to think about it. And then for FLNG 2, or others, as Wes has said, we would be probably very thoughtful about how we continue to move that forward. We have taken careful precision through our legal team in executing excellent contracts that allow us maximum flexibility with our customers. So, we are able to kind of pace out the construction CapEx to match the business needs. Procurement and engineering has largely all been completed.
Marc Solecitto: Got it. Appreciate the time.
Operator: Our next question comes from Sam Burwell with Jefferies. Your line is open. Please go ahead.
Sam Burwell: Hey guys. I wanted to maybe unpack the Fast LNG CapEx just a little bit. Last week, Chart reported and they disclosed that you guys had made orders for the cold boxes on FLNGs 4 and 5. So, curious how much of the equipment have you guys procured so far for all the units. And then maybe of the $750 million of guided CapEx per unit, what percentage of that is sort of equipment versus labor and other?
Chris Guinta: Yes. So, Wes has been very deliberate, and we announced this on our earnings €“ the Investor Day, excuse me, that we purchased the long lead equipment so that we have maximum flexibility that when he wants to move forward on the pace of the construction side, we have the ability to do so. So, partners at Baker Hughes, GE €“ excuse me, on Chart and others are on the ready with equipment so that when we want to continue to move forward on the construction, we can do so. As far as breaking it up, rule of thumb, 30% is probably procurement and engineering and 70% is construction and make-ready. Obviously, the make-ready you don’t do until you have a location and an expected online date.
Sam Burwell: Okay. Got it. Very helpful. And just I guess sticking with CapEx, like 2023, that still is expected to be $2 billion. I mean how much of that should be earmarked for the Barcarena power plant? I think you said that’s under construction. Is that more of a 2024 spend? How should we think about sort of non-FLNG CapEx this year and next?
