07-19-2013, 02:03 PM
So the likely outcome? Nothing that we don't already have and basically what Kavo stated back in June. They understand the importance of PNG LNG using EA gas to supply Train 3. That is in the best interest of all. The IOC/XOM initial terms agreed to already allow for an LNG plant in Gulf, either with XOM or with someone else. That's what the Gulf leaders want in the end; a project that will create jobs and drive development in Gulf. That's what this is about and that's what we'll end up with IMHO. An LNG plant that meets the new minimum output. Proving up enough gas for that will not be tough. Likely they will have enough for this, Train 4 for PNG LNG, and beyond.
Negotiating is part of what Hession and Isikeli Taureka were brought in for. They know how to get this stuff done.
Negotiating is part of what Hession and Isikeli Taureka were brought in for. They know how to get this stuff done.

