05-01-2013, 04:04 AM
Seems attractive to those nations with a 100 Mtpa supply hole in 20 yrs., and it doesn't help that Indonesian LNG producers are drying up either.
US Shale cannot compete. Iranian and new offshore Africa discoveries are still 10-20 yrs. away from development.
Seems clear that PNG is the ready producer and the negative gas cost E/A provides it kinda seems like buyers would pay a premium and still be 1/2 the cost of Ping Ling's own feedstock. I imagine these bidders know this too.
US Shale cannot compete. Iranian and new offshore Africa discoveries are still 10-20 yrs. away from development.
Seems clear that PNG is the ready producer and the negative gas cost E/A provides it kinda seems like buyers would pay a premium and still be 1/2 the cost of Ping Ling's own feedstock. I imagine these bidders know this too.