'jft310' pid='24736' datel Wrote:Lets talk facts. Santos owns 4 % of PNGLNG. They are partner in PNGLNG. The Exxon design allows for an additional 6 trains at PNGLNG. Designed , funded and built that way. To think that a 4 % owner would have veto power is beyond laughable. To think that Exxon locked themselves into OSH finding more NG is laughable. Look at the WM report and see their are ways for Exxon to bring in a new partner who has the NG they need for the project.
I believe santos has closer to 14% rather than 4%.
The PNGLNG plant was originally designed and funded for a total of 5 trains (2 initial trains with 3 trains expansion). The land area may be able to handle a much larger number of trains than that, but the loading warf will need huge expansion for that to happen.
Exxon never locked themselves into OSH finding more gas, but Exxon is part owner of common fields with OSH including PRL3 ..... yes the one holding P'nyang.
To bring in new partners into the PNGLNG project is almost impossible with the current mix of partners, no matter what Exxon may or may not want. To process other parties gas is another matter.