I agree with you. Shell has been dragging their feet for far too long and don't want to part with their money. Unless of course they will get something for nothing.
IMHO they already have an offtake agreement with Petrochina in regard to the LNG out of Gladstone, but they haven't got the gas to supply their LNG trains they are proposing to build. But China has the money and the need for the LNG and they can come with the money. The only thing is that they would need someone with them to overcome the FIRB problem that is staring at them straight in the face. And IMHO, Shell is the answer.
Buddy
AOE Price at posting:
$5.02 Sentiment: LT Buy Disclosure: Held
