09-07-2015, 11:02 PM
Let's not forget the SPA requires payment at certification and further payments at FID. Partners are required to invest more money . One signs construction contracts at FID which is why many projects are stalled because they can't reach FID because their numbers do not work . Per all of our partners the Papua LNG numbers work at these low prices . That's why the plant gets built in a timely fashion. Super Majors and Asia countries look at long term needs. Never forget the gas production is limited to what's in the ground or more LNG projects are required to be built to replace projects that have run out of gas . Think Arun from 6 trains to zero because they produced all the gas .
Part of the government thingie is the Gas or LNG requirement for local electrical power generation . Or lots of moving parts .
Another is the government needs money to buy into the project .
Part of the government thingie is the Gas or LNG requirement for local electrical power generation . Or lots of moving parts .
Another is the government needs money to buy into the project .