'ArtM72' pid='25991' datel Wrote:
'Tree' pid='25989' datel Wrote:
Yes RA and what I like is Duma's weight is behind IOC's LNG 'optionality' and the best for us shareholders is a stake in PNG LNG expansion and a tidy ~30% stake in our own Gulf LNG project also. Duma agrees with Hession and that is to make IOC into an LNG player.
Duma will say and do anything to keep this project from moving forward. His constantly changing positions have been a thorn in IOC's side ever since Somare left office. Nothing he says can be taken at face value. We can only hope he continues to put himself further out on the margins and O'Neil takes strong hold of the situation. IOC needs to build a plant in the Gulf, but only AFTER it signs the deal to send Exxon its gas. Delays in drilling are not helping this scenario but maybe the new seismics in NW Triceratops are.
The following excerpt is from the June 20 article in the National: In a brief statement this week, Duma said: “... there is some concern that it may not be a wise thing to allow one major energy company to dominate the industry in the country. “There have already been some concerns expressed by some influential sections of the community so we are also mindful of that.”
Contrast that with Duma’s commentary in Friday's Upstream article: Duma said the government is respectful of the commercial negotiations that are ongoing between the two energy companies…
In each instance, Duma is leaving the door a crack open for Shell, but he’s now taking a more benign approach towards Exxon’s proposed tie up with InterOil as he recognizes the O’Neill coalition’s support for the expedited and low cost expansion of PNG LNG and virtual inevitability of the deal closing.