Sailor,
"...the Chinese are v sensitive to the issues associated with grabbing an Australian stategic asset (namely, the security of domestic gas supply disappearing)."
Which is why ERM are there don't ya reckon? They are in my enthusiastic view an asset to the whole shebang.
I posted elsewhere that they have the expertise, have built 5 gas fired power stations to date, still own two of those, approvals for more, (1 WA, 1 NSW) and have laid countless kilometres of pipelines themselves. Value point number 1*
Value number 2* - quells any issues with FIRB, creates feelgood sentiment with local irritants and firebrands who like to gather on the beach waving flags and climing up drill rigs!
I also wrote that I believe ERM were enticed or incentivised as part of the process now unfolding, so as you and others have suggested, MEL has been lining up its ducks far more efficiently than clumsy ESG/STO or cranky BOW/Arrow.
All of course with a litte help from Carribean interests!
Rgds,
Lilac
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