You are making like an ill informed goose, Bigdaddy.
Project Haber was conceived by Strike, looking to sell gas into a very low SW WA market with (then) no way of exporting and Koch, A very large ($100B) fertiliser company. Koch would put in a $3B urea plant and Strike would sell them the gas. The urea would be sold to WA and indeed, all Australian farmers.
Can you think of a better business model? Koch produces urea using Strikes gas with a price much lower than the world gas price but much better than, the then, SW WA gas price, and sells this urea to local farmers thus avoiding the cost of international shipping.
Will project Haber be a goer in the future? Who knows? As you should be well aware, the SW WA gas price has escalated, there is a projected shortage of gas in SW WA and the WA government is yet to make a decision on whether and, how much, onshore gas will be able to exported.
Under these circumstances I guess it will depend on how much gas is found in the Perth Basin which does not have an overseas market because of government controls and which is too much for the local market..
STX Price at posting:
22.0¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)