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+--- Thread: Total Suppying Japanese Gas (/showthread.php?tid=11039)
Total Suppying Japanese Gas - davidhmtk - 07-22-2016
Remember their PR from 2days ago:
... Total was keen to increase its share in the project for such a value. It was also clear to Total that a portion of the acquired interests would have to be offered to certain LNG buyers and also to PNG LNG participants in order to develop synergies between the Papua LNG project and the PNG LNG project
RE: Total Suppying Japanese Gas - jft310 - 07-22-2016
Small amount of gas . Date to start is 2019 before Papua if built would be up and running .
RE: Total Suppying Japanese Gas - Stavros - 07-22-2016
The point JFT is that TOTAL is committed to sell over 20 million tons per year from their global portfolio of LNG in the early 2020's
They currently control a bit over 10 million tons per year; so they will need production from Papua LNG (or HINT another project)
RE: Total Suppying Japanese Gas - sageo - 07-22-2016
'Stavros' pid='74630' datel Wrote:The point JFT is that TOTAL is committed to sell over 20 million tons per year from their global portfolio of LNG in the early 2020's They currently control a bit over 10 million tons per year; so they will need production from Papua LNG (or HINT another project)
Good morning, Stavros - I guess I'm just slow on the "uptake" this am,but are you thinking that Total and the Japanese may come up with a ' combined effort' to over bid our present offer ? If they did,wouldn't that "stir the pot" a little more ? Interesting to cogitate for a moment .
RE: Total Suppying Japanese Gas - jdeo1969 - 07-22-2016
I think he is suggesting that they need the plant to meet the stated goal, therefore, they will bid on ioc. My interpretation at least.
RE: Total Suppying Japanese Gas - ebster123 - 07-22-2016
It would be nice to see a sovereign wealth fund with personal interests and a dire need for LNG to come into the mix. Pie in the sky dream BUT twice the current offer may knock out the SM's, still be cheaper for them by removing the middle man (SM), the SM of choice would still be operator and my suspicion is that shareholders would jump at it. Time will tell...
RE: Total Suppying Japanese Gas - ArtM72 - 07-23-2016
'ebster123' pid='74646' datel Wrote:It would be nice to see a sovereign wealth fund with personal interests and a dire need for LNG to come into the mix. Pie in the sky dream BUT twice the current offer may knock out the SM's, still be cheaper for them by removing the middle man (SM), the SM of choice would still be operator and my suspicion is that shareholders would jump at it. Time will tell...
That is a GREAT point ebster. With Total the JV operator PNG concerns appear minimal. Since IOC has no operations of any kind anymore there is no reason for a silent partner to have any capacity other than money and an immediate market for the gas.
RE: Total Suppying Japanese Gas - wapitidropiti - 07-23-2016
'ArtM72' pid='74664' datel Wrote:
'ebster123' pid='74646' datel Wrote:It would be nice to see a sovereign wealth fund with personal interests and a dire need for LNG to come into the mix. Pie in the sky dream BUT twice the current offer may knock out the SM's, still be cheaper for them by removing the middle man (SM), the SM of choice would still be operator and my suspicion is that shareholders would jump at it. Time will tell...That is a GREAT point ebster. With Total the JV operator PNG concerns appear minimal. Since IOC has no operations of any kind anymore there is no reason for a silent partner to have any capacity other than money and an immediate market for the gas.
If you were to ask an XOM exec about TOTAL, he would say "Who?". He would feign bewilderment. An obvious "also ran". They are not even in the ballgame at our level -another comment.
Total knows of their lowly position amongst their E&P members. They will be back. New CEO and time to break out.
RE: Total Suppying Japanese Gas - sageo - 07-23-2016
'ArtM72' pid='74664' datel Wrote:
'ebster123' pid='74646' datel Wrote:It would be nice to see a sovereign wealth fund with personal interests and a dire need for LNG to come into the mix. Pie in the sky dream BUT twice the current offer may knock out the SM's, still be cheaper for them by removing the middle man (SM), the SM of choice would still be operator and my suspicion is that shareholders would jump at it. Time will tell...That is a GREAT point ebster. With Total the JV operator PNG concerns appear minimal. Since IOC has no operations of any kind anymore there is no reason for a silent partner to have any capacity other than money and an immediate market for the gas.
Art - Just a thought.....when I saw your "Since IOC has no operations of any kind anymore", I was wondering (to show good faith) if Hession would give up his salary and expense money while he is waiting for his $39 million payout to sell us down the river ! Hmm.