07-26-2013, 08:33 PM
'jft310' pid='26264' datel Wrote:Gorgon can cancel the Gail contract and resell the NG .Gail better be careful. Market is $14 area right now. Contract price is the going rate. Qatar has no more of that cheap NG ,the new Qatar cost is more expensive than IOC's would be per Wood Mackenzie. Or be grateful you have some of the first Qatar cheap NG. They Gail needs to use a blended average . But it's fun to try to change the contract. But a contract is a contract.
Gorgon may break that contract and sell it north - ..."just a 1 per cent increase in China’s gas demand would account for two of the three LNG projects being built in Queensland, noting that about 23 million tonnes a year of LNG regasification capacity is due to come into operation in China in the next three years, with a further 12 import terminals being planned."