09-29-2012, 05:01 AM
'jft310' pid='10481' datel Wrote:Its a WAG on JKM..I don't know and agree others have interest. I think the PNG govt likes JKM. We have the Kogas comments, the Mitsui option and Japan need for LNG Big time. Thats why I stated what I did about making the most sense. Fits with whats known to be true. Others can outbid JKM but like Petronas outbid Exxon the PNG govt took Exxon. Could Exxon win again one can see that possibility. Their need for 2014 NG, the T at Gulf province etc. Chevron needs a project Gorgon is cost overrun city and they have cancelled another project in Australia.There are more then other choices besides JKM being the winner. I hope we know soon.
An extremely intriguing situation for sure, and probably some tough decisions for the various parties involved. We know the three IBs are presenting bidders geographically, and there is an impression each IB has at least one bidder. JKM of course would be Asia and Macquarie, or is Petronas a possibility? Europe would be UBS and who? Shell most likely, maybe Total, or ENI? Both XOM and CVX would be North America and Morgan Stanley, most likely XOM. Could there still be more than three finalists? Maybe some combination of more than one? Mitsui probably still in in any case.