01-31-2014, 10:02 PM
Lots of things in motion with this. There will be a new Gas Agreement that comes out of this. That will hold all of the requirements, location(s) allowed, govt participation, etc. Even before the up to 50% was approved by NEC the government was talking about wanting in-kind gas on most/all future projects. They blew it on PNG LNG but with all of their plans now in ace they have a high priority of providing electricity to the masses. Whether that comes with NG as a source, or whether it's hydro, solar, wind or geo, it's going to happen. Gulf has opportunities for most/all of these so with CSPs galore it won't be surprising if they want SOME allowance out of all the gas that appears to be present there whether it comes from PRL 15, PRL 39 or what.
Then we have the NEC approval this week of the 30MW EWI plant for PM. Clearly stated was that it and other plants will have the capability to burn natty.
IOC has been talking about being the first company to supply in-kind gas, so it's on the table. It's been mentioned before that PNG only needs small volumes for domestic use so the question is how much might they take out of the combined 22.5% as opposed to taking (and paying commercial rates for) a percent or two above that which for PRL 15 could come out of the 19.3% very easily.
We only really know a small amount of what's being discussed. Let's let it happen.
Then we have the NEC approval this week of the 30MW EWI plant for PM. Clearly stated was that it and other plants will have the capability to burn natty.
IOC has been talking about being the first company to supply in-kind gas, so it's on the table. It's been mentioned before that PNG only needs small volumes for domestic use so the question is how much might they take out of the combined 22.5% as opposed to taking (and paying commercial rates for) a percent or two above that which for PRL 15 could come out of the 19.3% very easily.
We only really know a small amount of what's being discussed. Let's let it happen.