go to santos ffn preso on hotcopper, page-35

Yaq,

And if Santos were a potential seller of ESG at the right price, then GLNG's ambitions for a 3rd train become even more remote.

This is a very good point. Santos may not now be short of gas compared to what they used to be (they still are short of Reserves, but NSAI believes future Reserves will be around 10TCF) but that's still only going to support two trains.

We know the third train is the real money maker so it's highly unlikely they'll be content with two trains.

If they want a third train the Gunnedah would seem to be the frontrunner - UNLESS there is consolidation, which is still possible but looking unlikely.

If it happened, though, it would kill the Gunnedah-GLNG plan in its entirety, so maybe we should consider consolidation between STO and another major to be the Black Swan event here.

If it did happen, STO's gas in the Gunnedah could actually become stranded, in which case the best course of action for them would actually be to sell it to ESG for LNGN!

Buddy,

Thanks - I always try to call a spade a spade. Unfortunately some don't like it, as evidenced by the fact your TU got removed. ;)

Cheers
Psi81