12-13-2013, 11:32 PM
'Relker' pid='34261' dateline='<a href="tel:1386927 Wrote:According to the Project Agreement with PNG IOC committed itself to set up a new LNG plant with a major. PNG was not happy with the XOM-deal and O' Neill and Duma played good guy/bad. With all concessions elapsing in 2014 and a 180 day ultimatum IOC choose for a safe roadmap together with Total. Now the deal is written in stone, there is no obstacle to start with the CSP-plant and build a tie-in to the XOM pipeline which is not maxed out. This will guarantee feedstock supply for XOM's third train between 2016 and 2020. I am sure XOM is willing to pay a good price for this.
Relker is spot on