06-22-2013, 05:04 AM
Some of these dots aren't connecting very well.
"Trains 3 and 4 assumed to start production 1/1/2020"? That's 6-1/2 years.
I believe PNG LNG design started in 2009...that's 5 year to 2014 production. The first PNG LNG foundation was laid 1Q2011. Adding two more trains will take 6.5 years with much of the design ready to be duplicated and sitework already complete? Seems pretty unlikely especially if, as the report states, "PNG LNG expansion appears to be XOM highest LNG priority. Perhaps more than Gorgon expansion, Scarborough FLNG, NA shale plays, far eastern Russia and East Africa."
Maybe that 1/1/2020 date is based upon the gas coming from the Highlands with 6/1/2016 the more likely date with gas from E/A.
"Trains 3 and 4 assumed to start production 1/1/2020"? That's 6-1/2 years.
I believe PNG LNG design started in 2009...that's 5 year to 2014 production. The first PNG LNG foundation was laid 1Q2011. Adding two more trains will take 6.5 years with much of the design ready to be duplicated and sitework already complete? Seems pretty unlikely especially if, as the report states, "PNG LNG expansion appears to be XOM highest LNG priority. Perhaps more than Gorgon expansion, Scarborough FLNG, NA shale plays, far eastern Russia and East Africa."
Maybe that 1/1/2020 date is based upon the gas coming from the Highlands with 6/1/2016 the more likely date with gas from E/A.