An article in the SMH/AFR yesterday had some commentary on growth for WPL. Here is the link
http://www.smh.com.au/business/ener...-sales-to-china-thailand-20160414-go6p2b.html
Two points were made that I found quite interesting.
1. "Gas from the two finds, reported in January and February this year, could be taken onshore and fed into the Myanmar market, or piped through spare capacity in existing onshore pipelines to Thailand or up to China, chief operating officer Mike Utsler said.
"You have three markets that are already in place, with piping and infrastructure already in place that you can bring the offshore connection in," Mr Utsler told reporters on the sidelines of the LNG18 conference in Perth.
Mr Utsler noted that Myanmar earns about one-third of its GDP from the sale of gas to Thailand and China and was therefore "very motivated" to see its energy industry developed."
2. "The news came a day after chief executive Peter Coleman confirmed Woodside was moving ahead with a revised development plan for the 100 million barrel Greater Enfield oil project off Western Australia, which could involve an investment of $US1 billion to $US1.5 billion for the local player. Early engineering work is well underway ahead of an expected final investment decision around the end of June or early July by Woodside and its partner Mitsui. The project, which had earlier been deferred, will now be developed gradually, with about two-thirds of the resource to be recovered in the initial phase, starting up in late 2018 or early 2019."
The first point, for shareholders, is quite exciting - it is less capital intensive and gets the product to market quicker. The second point also gives some growth to shareholders. While 2016 will be a quiet year for WPL(with respect to growth), 2017 will have Wheatstone come on line and 2019 will potentially have Enfield coming on line.
HT1
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