'sydbod' pid='24746' datel Wrote:
'admin' pid='24742' datel Wrote:["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."] Apparently, Exxon has a different opinion..
I can only talk from my understanding of what has been officially stated so it should not be taken as 100% accurate by any stretch of the imagination.
My understanding from what Exxon has publically stated, from what OSH has publically stated, and from what santos has publically stated is that the Exxon/IOC gas will be processed at the PNGLNG plant. There always has been the option for that sort of activity to happen at the PNGLNG plant.
To maximise returns on investment the goal is to expand the PNGLNG plant as fast as possible and none of the partners are against this.
IOC does not have the billions to actively buy their way into a share of PNGLNG plant.
OSH, Santos, Exxon and the others will not dilute their own share of the plant for an outside new partner. (money talks).
I have not seen any official Exxon release that makes me think Exxon has a different opinion.
We will see once all the information is released (I may have egg on my face then) but for now I can not agree with your interpretation of what Exxon intends.
At just a $1 per mcf will receive Billions in an Exxon deal. And exactly what will IOC do with that money.????What IOC can do is offer in kind NG for a buy into the plant. Ya see money talks. Which is where the talk of second train from IOC to Exxon may lay today. Subject to negotiations.