Epc 30th april 2016, page-28

A few points on the thread topic. I've not seen any posts picking up on the fact that EPC has been put on hold pending FID which changes tack significantly. It must certainly be in response to knowledge that BTAs are not going to be forthcoming according to previous expectations, otherwise why would they put all this activity on hold.

I do see it as a positive step as it will allow the company to mark time in the interim until market conditions change. They don't go as far as saying this in the presentation, but you have to read between the lines in the context of whats going on in the LNG industry right now.

Secondly China. Simply don't believe those statements. I recall hearing years ago that China's minimum growth rate to keep the wheels on the tracks is 6%. Lower than this, they will have internal (civil chaos). So anything above 6% as far as announcements go is in their case a necessity. Given the growth rate for last year was supposedly 7%, not sure how they did that with only 1.7% electricity demand for the same period. Expect trouble emanating out of China in the next 1-2 years. They can probably kick the can down the road a bit more before the shi! hits the fan.