'Palm' pid='43776' datel Wrote:Good find Syd. Must be the trip to Paris has been fruitful and the picture has cleared. Not much has changed as this addresses EA but it sounds like it's possible a decision has been made to move ahead as planned in the Gulf.
Palm, I doubt this Exxon comment arises from any new "clearing" of the picture or "decision". IOC and Total are simply continuing to pursue the LNG project "as planned" as they have for months, with the outlook and situation the same as I have been describing and predicting for months as most likely by far, while being strongly criticized, and even condemned as blind and stubbornly incompetent by certain parties like JFT. That "decision" was made months ago by IOC and Total and has not changed. Probably the only things that could have changed it were a dispute win and set aside of the Total SPA by OSH, an unlawful or unwise intervention by PNG, or an offer IOC AND Total could not refuse from Exxon, all of which I considered extremely unlikely. If you are talking about moving ahead with the plant itself "in the Gulf" as opposed to a site near Port Moresby, I doubt that decision has been made yet and think would come with the BOD and FEED process. I would say the next potential decision point is probably as they complete the PRL 15 appraisal process, which I would say could affect how many trains to plan for, and beyond that the final FID decision process. Maybe there's been a "decision" now by OSH resolving the dispute, but that would probably be a news item; and that would simply mean there is no change related to that to the decision they have already made as they proceed "as planned" on the LNG project.