04-24-2015, 06:48 AM
'Palm' pid='57261' datel Wrote:China and IOC tried that once way back in 2009 with Somare on board, but Parliament nixed the deal knowing that it was very bad for PNG. Old days for those kinds of deals are long gone.
That sure sounds right to me. It is pretty clear that so long as the profit is in the LNG plant spread that is where PNG and others will want to maintain their interests. Now, if China offered $3-$4US/mcf of raw gas that might be a horse of a different flavor. Some of us thought PRE got a pretty good deal and TOT got a very good deal. However, both deals were done with IOC's back to the wall. Now Pinkie has some room to move around. By the end of the year he's likely to have a LOT of room to maneuver.