Spot on ... Santos has signalled an intention and ESG SHOULD benefit from it in a number of ways. Obviously STO wouldn't be spruiking this option for train 3 gas supply unless 1) it was clsoe to lining up customers as JT said 2) Field development and pipelines for the ESG/STO JV project were considered in the bag and 3) STO and ESG had already been in discussions about gas going to Qld.
Interesting moment in this saga that's for sure.
H
ESG Price at posting:
73.0¢ Sentiment: LT Buy Disclosure: Held