kogas

[Orlando]

Is it possible that RDS is heavily involved in options? They or someone else else could readily support a buyout with costs mitigated by heavy options contracts that would not require any sort of disclosure?

Interesting possibility, Art. Reminds me of a phone conversation I had a couple months ago with a company officer. When I made the suggestion of ioc's competitor(s) being directly involved in keeping the stock price down so they would have a better chance of acquiring some assets cheaper, he was very quick to agree.

Not sure how much options could be used. If the top 4 shareholders, who own over half of all shares, are not willing to sell even for $250 (just a guess), I don't see how owning calls would help. I can, though, see how buying and selling options can be used to keep the stock price down even at the expense of investment losses. It makes sense to me that a larger competitor would be willing to take some relatively small (to them) investment losses in order to potentially save billions in a buyout. If this is taking place, I think they may underestimate how much all the top shareholders would require in order to sell. It is also interesting to think how the stock price could rise when the day comes that the competitor(s) give up on trying to keep the stock price down.

[Tree]

"Picture showing the Model of the LNG refinery operated by the Korean Gas Corporation at Iccheon City in South Korea. The refinery - one of the biggest in the world will be used to process the liquefied natural gas from PNG when imported."

Check out the Picture:

http://www.postcourier.com.pg/misc/BreakingStories.htm

[TxPm]

Is it just me or does this make it sound like Kogas is 100% going to be part of this deal?

[bertl05]

I haven't seen this mentioned up until now but any thoughts on Shell partnering up with Kogas & Mitsui on IOC? Apparently it wouldn't be the first time...this could explain why RDS "hadn't seen IOC's data room"

http://www.shell.com/home/content/media/news_and_media_releases/2012/lng_canada_15052012.html

My guess is that Shel, didn't sign the CA, thats why they weren't in the data room. Why didnt they sign it? Could be they thought Duma could de-rail the project, could be they planned to come in later and delay everything hoping to buy in on the cheap. Who knows? Could be so they could play the stock and try to do a buyout in the future. I have a feeling they haven't been big buyers os the stock to get a position ahead of buyout. There isnt much flaot and I think if they were actually buying in a size that would really help them it would have shown up .....but who knows.

JKM could be working with Shell as operator now...but my thinking is they are working with a fellow Asian behomoth that they and PNG know well and have for a long time. I think we will know soon .

[Palm]

My guess this model is for the Samcheok terminal which is under construction now and first supplies are scheduled to start in 2013/14. The original plan was for a lot of gas to be piped from Russia, but now that's unlikely because it has to go through N Korea. So shipping will be LNG from Russia and ? This guy from Post Courier is no doubt being told that LNG from PNG will be a source for SamCheok per his comment. What will the Weekend Edition bring as far as further details?

We need to keep an ear to the meetings in Russia and China that O'Neill is attending. A lot of discussions around energy and Russia will be a major player based on articles I read last night. Hillary is there representing US since Obama is too busy campaigning and Russia will use that to their advantage it appears. If some of what is being said is true though Hillary seems to be playing with Russia since Russia is now part of WTO. The US wants to get into the Russian market so there seems to be a lot of cooperating going on in these meetings. There has been a bit of fighting between S Korea and Japan in recent months regarding trade with energy part of that. Also of course China is heavy after at sea resources and barbing with Japan and others. It appears that Russia, now with its WTO credentials, is wanting to act as a mediator/broker in all of this. They are just concluding some talks with Japan on LNG and is also talking with China and SK. What could happen in these talks is an almost NAFTA type arrangement where these nations work together and use the huge LNG hub in none other than Singapore along with direct agreements to make sure suppliers (PNG being one) and consumers agree to work together to assure adequate supply and cooperate to keep prices from getting out of hand. Why else these recent trips by O'Neill and the waiting on any announcements? Why else the recent resurgence of the EWC modular? Why else the JKM consortium when we hear about recent flare-ups between Japan and SK? Why else this reporter's trip to SK when O'Neill is going to Russia and China? You can see this coming together at a time when Russia is emerging on the WTO scene, China is trying to feed its own economic engine, and the Asia/S Pacific region is emerging as a huge economic hub while Euroe and the US flounder with economies and politics.

I think we will hear something major in the next couple of weeks after these summits produce some agreements and it will make sense for the whole region. Here is a link to the SamCheok project:
http://abarrelfull.wikidot.com/samcheok-lng-terminal

This one is a spec sheet which is a large document but page 153 shows a rendering that looks much like the model in the Post Courier:
http://bid.kogas.or.kr/supplier/bid/bid_download_attfile.jsp?notice_code=2012051711&seq=5

[wapitidropiti]

"Picture showing the Model of the LNG refinery operated by the Korean Gas Corporation at Iccheon City in South Korea. The refinery - one of the biggest in the world will be used to process the liquefied natural gas from PNG when imported." Check out the Picture: http://www.postcourier.com.pg/misc/BreakingStories.htm

Tree I, too, am interested in tomorrow's Post Courier. Have you seen it yet?  Also The picture caption states "to process the LNG once imported from PNG" Am I confused? I thought once we CSP and LNG it in PNG, it comes off the LNG transport ready to distribute. Yes or no?

[Tree]

"Picture showing the Model of the LNG refinery operated by the Korean Gas Corporation at Iccheon City in South Korea. The refinery - one of the biggest in the world will be used to process the liquefied natural gas from PNG when imported." Check out the Picture: http://www.postcourier.com.pg/misc/BreakingStories.htm

Tree I, too, am interested in tomorrow's Post Courier. Have you seen it yet?  Also The picture caption states "to process the LNG once imported from PNG" Am I confused? I thought once we CSP and LNG it in PNG, it comes off the LNG transport ready to distribute. Yes or no?

Hey wapi. The LNG needs to be re-gassed at the import terminal by warming it back to gaseous form. I think that's what author means.

[Palm]

Wapi, the caption is, "The refinery - one of the biggest in the world will be used to process the liquefied natural gas from PNG when imported"

When LNG is imported is must first go to a regassification plant like the one shown in the model. This takes the Liquid Natural Gas and processes it back into gas form so that it can be pushed through gas lines to power plants, homes, businesses etc.

Also, the Weekend Edition is usually posted in electronic form on Sunday or Monday. Unless we have someone that can get their hands on a hard copy and have it scanned to PDF, we'll have to wait.

[wapitidropiti]

Wapi, the caption is, "The refinery - one of the biggest in the world will be used to process the liquefied natural gas from PNG when imported" When LNG is imported is must first go to a regassification plant like the one shown in the model. This takes the Liquid Natural Gas and processes it back into gas form so that it can be pushed through gas lines to power plants, homes, businesses etc. Also, the Weekend Edition is usually posted in electronic form on Sunday or Monday. Unless we have someone that can get their hands on a hard copy and have it scanned to PDF, we'll have to wait.

Thanks for the education

[Putncalls]

[quote='Tree' pid='9456' dateline='1347108718'] "Picture showing the Model of the LNG refinery operated by the Korean Gas Corporation at Iccheon City in South Korea. The refinery - one of the biggest in the world will be used to process the liquefied natural gas from PNG when imported." Check out the Picture: http://www.postcourier.com.pg/misc/BreakingStories.htm

Tree I, too, am interested in tomorrow's Post Courier. Have you seen it yet?  Also The picture caption states "to process the LNG once imported from PNG" Am I confused? I thought once we CSP and LNG it in PNG, it comes off the LNG transport ready to distribute. Yes or no?

Much of the energy used to liquify the methane can be reclaimed when it is turned back into a gas. FWIW