11-23-2013, 11:06 PM
One of my moles take- 'not so fast my leeetle friends'.
E/A development activities/infrastructure is an enormous undertaking, regardless of where that gas is processed.
In PNG-speak: "2nd LNG project" = development of E/A, for either PNG LNG expansion - or- eventual 2nd standalone project.
Present use of "2nd LNG project" refers only to PNG LNG expansion.
XOM and Gov't will not lose out on expansion gas.
There is plenty to go around.
2nd full blown LNG project is a coming, just not yet.
E/A development activities/infrastructure is an enormous undertaking, regardless of where that gas is processed.
In PNG-speak: "2nd LNG project" = development of E/A, for either PNG LNG expansion - or- eventual 2nd standalone project.
Present use of "2nd LNG project" refers only to PNG LNG expansion.
XOM and Gov't will not lose out on expansion gas.
There is plenty to go around.
2nd full blown LNG project is a coming, just not yet.