03-18-2013, 04:29 AM
Its irrelevant at this point wether the bids are below what IOC dreams of getting. The bids are the bids, I doubt there will be much I call and raise you action. Bidder fatigue sets in at some point. Wether or not anyone wants to admit it, there are other sources of LNG. Its not a must have for any bidder. They will offer wht their advisors and mgmt see fit, not a penny more. Its in IOC's best intrest to take the best offer. The process has been long enough already. I also think that time is on the bidders side, not IOC's. I'd think the govt wants something done soon, and will make sure that is the case if IOC doesnt, which would probably not be the best scenario. All my opinion.