Total committed to build a 2 train LNG plant

[jft310]

Directly from the AFR article

"But, having been enticed back to the conversation, Total was determined not to leave without a win. Total signed up for a deal that eventually saw InterOil sell 40 per cent of its first major gas find, the massive Elk-Antelope play, ***in a deal that committed them to building a two-train LNG project.***

The arrangement saw $US401 million dropped into InterOil’s bank account late in March while locking in a further $US138.7 million of milestone payments. There is upside too, with a wealthy schedule of bonus payments if appraisal work proves more gas than the opening

Michael Hession chats with the locals."

[jft310]

iluvioc • 7 minutes ago Flag
Comments on the 2 train LNG build comment
Direct from Yahoo for those that don't bother.


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