Wood MacKenzie on IOC/XOM

[sydbod]

" * Trains 3 & 4 assumed to start production on January 1 2020" That looks to be a bit out. A whole new LNG plant takes about 5 years to construct. A new train can take between 2 to 3 years to construct depending upon if a new lng storage tank also has to be constructed with the train (it all depends upon the source gas make up) If we are totally pessimistic (worst case) and allow until the end of 2014 before train construction begins then end 2017 start 2018 should be the time frame for first LNG from trains 3&4. The rest looks probable/possible to me.