07-11-2012, 03:52 AM
(07-11-2012, 03:48 AM)ValueSleuth Wrote: Tree,
I like it.
The only question I have is whether XOM could expand its plant fast enough to need the additional gas from IOC in the 2014 time frame?
This question has always loomed large in the stick-built plant issue -- whether with XOM or IOC. It would seem that it would be impossible for a stick-built operation to be built or expanded so quickly.
That's why Henry Aldorf's IOC plans to use EWC and FLEX make so much sense to all parties. PNG not wanting to purse that route appears quite stupid. There's still hope, however, that some rationality will accrue post-electioneering and post-Duma.
VS
With XOM, all things are possible. Besides, IOC gas is cheaper than their own and they still need gas for PNG LNG basic. I can't imagine that 'T' is for feeding Gulf LNG.