another shot across santos' bow, page-13

Russ,

Don't you suspect Santos' second train and offtakes for it is linked to securing not only extra reserves, but extra concurrent flows?

And if you believe a takeover bid is coming for ESG from Santos, surely that means they have a customer lined up to contract the gas from their second train? It is a chicken and the egg situation with the gas and customers.

Santos is reportedly in negotiations with Sinopec:

http://www.forexyard.com/en/news/Chinas-LNG-import-terminals-and-plans-2010-05-18T055828Z-FACTBOX

"BEIJING, May 18 (Reuters) - Sinopec Corp <0386.HK>, China's second-largest oil and gas producer, is in contact with Australia's Santos Ltd and several Qatari firms for possible liquefied natural gas (LNG) supply deals, company executives said.
The firm's planned LNG terminals in Tianjin, Guangxi and Zhuhai had all received initial approvals from the National Development and Reform Commission, a powerful ministry in charge of China's economic and social affairs planning..."

(courtesy SLE304 from the STO thread)

Y