They didn't tick all the boxes that was my wish list. My understanding is they can only forecast what they know so I was hoping they look at future growth. Things can change quickly like Coruna opening up, well relative quick so I aimed 2yrs from now. Glen Herring at CD has 2MTPA for 5yrs as a soft start.
McPhee Creek is a game changer is trucking costs can be improved. Woodside recently announced a JV to promote providing gas-fuelled transport and refuelling stations in the Pilbara. That's where I thought the biggest gain could come from. Higher capacity road haulage is also a big help.
None the less a slightly higher cost of McPhee compared to CD is still a great margin so if you fund it on the cheap from 2017/2018 operating profits then just close down McPhee if and when it's not feasible cost wise.
Purely long shot speculation on my behalf. Woodside ann below.
http://www.woodside.com.au/Investor...ments/28.02.2017 LNG Powering Pit to Port.pdf
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