07-16-2013, 10:39 PM
RA, thanks for the article but to be honest, there is really nothing new within.
The only possible 'new insight' in this article is in the last sentence.
P'nyang is OSH field which is not included in the PNG LNG gas agreements and are basically on equal footing and competing with E/A gas for PNG LNG expansion feedstock. Cost, delineation and speed to market all favor E/A over P'nyang. This is why XOM seeks E/A gas, P'nyang is not a best option for expansion gas.
The only possible 'new insight' in this article is in the last sentence.
P'nyang is OSH field which is not included in the PNG LNG gas agreements and are basically on equal footing and competing with E/A gas for PNG LNG expansion feedstock. Cost, delineation and speed to market all favor E/A over P'nyang. This is why XOM seeks E/A gas, P'nyang is not a best option for expansion gas.