I have said this before. My view is that STX will sell its 50% share of WE to Min for a significant sum. This will allow STX to fund its share of project Haber and continue to be a significant gas player in the domestic market. Gina will trust Min to build the gas plant and she wants to go big and export LNG. These are big hitters and I am sure that they have the contacts ito bring about a change in the onshore gas policy.
If Min wanted to T/O STX it would have moved earlier than this with a script offer. I Think STX want cash to fund its ambitious gas strategy and this deal would solve the concerns with capital markets.
it will happen quickly if SE2 is successful.
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