Ann: Walyering Reaches Payback & Operational Update, page-72

If you take MIN's forecast plant capex figures as fact, and it would be silly of him to embellish it, then you are making his case for him. CE argues that to make the larger plant viable, to justify the capex, and hit acceptable ROI hurdles, he needs limited access to the higher export pricing to reduce his payback.

If the WA Gov leave policy unchanged, I hope he follows through with his 30Tj/day plant and keeps the gas for himself. STX will eventually lift output, but probably just to honour their existing domestic GSA's, keeping the handbrake on. That will basically leave the WA government reliant on Woodside to fill the ever growing deficit. Lower prices, when there is a supply deficit and a monopoly environment, is an unrealistic expectation IMO.