JP eying PNG over US and Putin LNG

[Tree]

Nice find Tree. Low cost and stability is a tough combo to beat these days.

20% return sounds kinda good.

As reported last week, Hession alluded to JP involvement.

Upstream : What equity level in the LNG project are you targeting? Hession: Broadly, we’ll have about 27.5% after the government’s back-in. Total will have about 31% and Oil Search about 18%. We may bring in a buyer, which will involve selling LNG volumes. You sell a little bit of equity to an offtaker, I can see that happening.

Upstream : What equity level in the LNG project are you targeting?

Hession: Broadly, we’ll have about 27.5% after the government’s back-in. Total will have about 31% and Oil Search about 18%. We may bring in a buyer, which will involve selling LNG volumes. You sell a little bit of equity to an offtaker, I can see that happening.