Kerema Town to be Extended

[Tree]

Sensible people are not expecting 2nd LNG to break ground 30 days after an announcement. The important thing is the announcement that it's been approved and is coming. The announcement kicks things off, derisks IOC and puts big wheels in motion. When png LNG was announced it took some time for dirt to turn, but lots was happening and many PRs came out. Momentum changed with the announcement. will2b touched on this in a post in a different thread. Kavo is smiling; an announcement likely will include details of what the 2nd LNG project is; the Gas Agreement

We do know these truths to be self-evident.

XOM subsea pipe is sized to handle 3 trains.

XOM hasn't gas to fill that pipe for expansion plans.

XOM is planning on 4.6+-Ts of E/A gas to back-stop expansion and that gas will max out the pipe.

PRL15 has more than 4.6Ts.

There will be enough gas beyons XOM SPA to support another LNG project, just needs a few more wells to verify.

The $3 billion question is "Where and by whom will the remaining PRL15 and Tri be processed?