IMO, in the short term, Key should be prioritizing gas sales through the existing pipeline as per prior plans.
I doubt they have enough info to indicate the new gas disc is enough to support a separate plant, so I can only assume there are technical/legal hurdles with acquiring access to the pipeline.
However in the long run, I think it in KEY's and Tanzania's interest to set up a LNG export facility with close proximity to Asian markets. And what better place than on Songo-Songo island?
Very large gas fields will be required to support that idea. But if KEY finds what we hope it will find, there is not likely to be a local market for the gas anyway, so it will be the only way to go.
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KEY
key petroleum limited
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Last
4.5¢ |
Change
-0.001(2.17%) |
Mkt cap ! $1.226M |
Open | High | Low | Value | Volume |
4.5¢ | 4.5¢ | 4.5¢ | $45 | 1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 41715 | 4.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.0¢ | 11251 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 41715 | 0.045 |
1 | 25000 | 0.040 |
1 | 73049 | 0.039 |
1 | 31000 | 0.032 |
1 | 20000 | 0.025 |
Price($) | Vol. | No. |
---|---|---|
0.050 | 11251 | 2 |
0.060 | 44670 | 1 |
0.070 | 3000 | 1 |
0.085 | 21765 | 1 |
0.090 | 29637 | 1 |
Last trade - 09.59am 25/07/2025 (20 minute delay) ? |
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