Origin is reportedly negotiating with Sinopec and others for 9mtpa LNG worth $150 BILLION in sales.
have a look at a couple of posts i just put on the ESG thread.
everyone, incl us, wonder why our MOU client would want to sign a GSA with us, even though we don't have the reserves.
so here, again, may well be the explanation.
the Chinese are desperate to lock up their energy supplies.
i am still very dubious, but hope that we get a good outcome - i've got money riding on it.
http://www.theaustralian.com.au/business/origin-energy-is-poised-for-asian-gas-bonanza/story-e6frg8zx-1225972945975
also the article says:
"Li Jinhong, the head of Sinopec's Australian unit, told Chinese business daily Caixin last month that her country had learned that gaining access to reserves was of "paramount importance" and that Sinopec was currently negotiating on a transaction in Australia."
so there's our funding source!
what gas glut!?
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