03-17-2014, 09:13 AM
If one reads all of O'Neill's official statements from December on you will see his urgency to maximize cash flow in the quickest ways. We can talk about what IOC/Total want and what XOM/OSH wants, but whoever can convince Oneill and the NEC that their way maximizes treasury receipts the quickest will get the advantage. Gulf will likely get a plant but the expectations are that there is enough gas fir that and the PNG LNG expansion. There are many reasons that expanding PNG LNG is the best for PNG as a country. They have people there, infrastructure, and a planned corridor for industry between PM and the PNG LNG site. There is a ton of development going on in that area and sites for petrochemical, etc that the government knows must be built to support ag and other needed domestic industries for PNG to thrive when the gas and oil is on the wane.