From today's Business Spectator:
And then the game will shift to one of raising the capital and finding enough people and material to build four LNG export plants: Santos/Petronas; QGC/BG; Arrow/Shell; Sunshine Gas/Sojitz of Japan.
Actually, there’s no way four will get built – there simply aren’t the people to do it, even if they find the gas and the customers.
The most likely outcome, you would think, is rationalisation, and that’s certainly what the industry is talking about these days, whispering about who’s going to make the first bid.
It should be a very interesting 12 months ahead in the Queensland gas fields, as Santos, Arrow, QGC, Sunshine, Origin and the others jockey for position, and BG, Petronas, Shell and Sojitz pull the strings behind the scenes.
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