AU LNG plays used to be attractive...

[Tree]

It would seem like mega-majors would be breathing down Hession's neck for stake in the biggest gas field in Asia in the last 20 yrs. and BTW it's cheap to drill and develop and has a negative cost/Mcf.

**********

 

Costs threaten $20bn LNG plant

• MATT CHAMBERS
• THE AUSTRALIAN
• NOVEMBER 15, 2013 12:00AM

THE $20 billion Arrow coal-seam gas project in Queensland has been told to sharpen its cost structure or it will not go ahead, raising further doubts about the nation's future LNG investment.

The ultimatum, from Arrow owners Royal Dutch Shell and PetroChina, comes as the International Energy Agency downgrades long-term Australian LNG export forecasts because of the surging costs of every big development approved in the past decade.

[Palm]

Sigh.............. When will they learn? No wonder Dr Mike got out of Australia.

[Spartina]

Stars are aligning

[Tusker]

Stars are aligning

Aligning the lowest cost gas producer in the Asia basin with the brown field RRI expansion of the best Mega Major.

Upside for both exploration and NGL's production.

Nice optics, Eh.

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[jft310]

The liquids make the project , wet NG