aoe to reject offer, page-14

Shell have too little stake and control over resource, to match their ambitions, but then they appear to have the customer.

Never were going to want to build a world scale LNG project with only 30% of the resource. Presumably they had doubts, at least about pace, until they's stitched up Petrochina.

One must wonder whether the urge may have been precipitated by reading of the situation in Indonesia, rather than about the imminency of FL.

EL