03-18-2014, 05:15 AM
Getit-I have heard that 3 persons are in the info loop. Hession and his 2 negotiator friends from Woodside. No one else knows exactly what's going on. Duma gave IOC 6 months to get a deal for their gas. That shows the level of PNG govt interest in developing this gas. In DEC 2013 Interoil had to have a deal. The Total deal was the best deal at that time. Hession negotiated a no break up fee deal for Interoil. The PNG govt has now stated they want LNG production in 2017. Who can provide that??The most obvious choice is Exxon and train 3. if IOC can get 25% or more LNG participation then one has to ask why not. Why can't IOC get what OSH got for its gas???That was a carry on the LNG plant costs and 30% LNG participation.
Not to say Total cant be the partner but how do they get LNG production in 2017??What LNG participation would they want.??Or is it better for IOC to go directly to Exxon.????
You miss what the govt has publicly stated early LNG production. Figure out how Total can get early LNG production and that's your answer. If they can't or will not provide early LNG production they may be road kill .
Not to say Total cant be the partner but how do they get LNG production in 2017??What LNG participation would they want.??Or is it better for IOC to go directly to Exxon.????
You miss what the govt has publicly stated early LNG production. Figure out how Total can get early LNG production and that's your answer. If they can't or will not provide early LNG production they may be road kill .