03-13-2014, 12:52 AM
'Putncalls' pid='39026' datel Wrote:"That changes if you send 4.6 Tcf" Where the HECK to you get THAT number? 23% of 9TS is 2Ts.
4.6 Tcf is the amount of gas in the 2013 non-binding agreement between IOC and Exxon, the amount Exxon was negotiating for to expand PNG LNG. 23% is the approximate gross ownership portion before government back in being bought by OSH, the amount that happened to be owned by those minority interests, leaving OSH with 17.7% net. Their ownership interest is not enough to expand even one train, and they cannot simply take their portion and do what they want with it anyway. That has to be a JV agreed decision under the JVOA, and Total and IOC would essentially control the JV.

