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Except NWE aren't involved in building this eLNG plant, they are...

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Seb93

5,291 Posts.

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20/09/22

10:03

Post #: 63786607
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Originally posted by Sk1nman ↑

I did note there is already a plant in China that technip and air liquide were involved in.

However I don’t think that equates to a high probability or potential.

Im sure most would agree getting an asset and production off the ground in a country like China is vastly different to doing the same in Australia, otherwise we would just make all the stuff we buy off them right here.

Not saying it’s a bad announcement and if it comes off great. I’m probably just a bit boring and old school and prefer the walk before you run approach.

ive seen too many very promising ventures fall over and never get back up again after getting distracted with the next big shinning thing before they got the core business in place.

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Except NWE aren't involved in building this eLNG plant, they are simply putting down an equity stake for a future potential revenue stream which allows them to access higher international prices... There's no distraction here, there's also several other benefits to this move if you dig deeper.

NWE Price at posting: 4.7¢ Sentiment: Buy Disclosure: Held
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