I have read the announcements back to the companys March 2014 Investor Presentation, and the company website, and I can only find info that PetroChina was the companys expected gas supply for the Gladstone project. They expected gas to be secured in 2013, and now they are just saying: "Pending the securing of gas supply, the project is effectively on a care and maintenance program."
Does anyone know what's happening with this?
Are they simple waiting for PetroChina to come to the party or to find someone else? Is there a hold up on PetroChina's side?
Thanks in advance for any enlightening and sorry if it's been discussed before.
LNG Price at posting:
65.5¢ Sentiment: LT Buy Disclosure: Held