09-29-2014, 05:43 AM
Bernstein estimated an expansion of PNGLNG would be $3.5 billion or cheaper than a greenfield build. That build was $16 Billion if I remember right without looking. One question is what's the cost for Total/Interoil to buy into PNGLNG ? What Percentage buyin? Would some owners like the reduction of their debt from the build price with a buy in from Total/ Interoil . Make a quick buck ?? What would the govt say ???Would the govt approve both with an IOC find at WBR??
Lots of possibilities !
Lots of possibilities !