OSH move jeopardize Gulf LNG?

[Palm]

If you read all of the material and listen to what Botten has said he much more talks about a train for PNG LNG and then a new standalone 2 train plant than any hints at 3 trains going to PNG LNG. However I do think all involved feel there is plenty of gas in PRL 15 and the other license areas to do most anything, and they have been clear in saying that the government is pushing to take the path to quickest monetization early on. They will be weighing all the factors once deals get closed and gas gets proven up. This story is going to be changing constantly for a while providing plenty of drama and trading opportunities. The good news in all of this is taht with OSH now part of the mix, instead of denying the resources in these license areas they will be bragging about them. Don't forget how they touted the offshore stuff that until now has really proven up little or nothing.

I think stories like this will pop up like the whack-a-gopher game gophers until the Gas Agreement is signed by all.