Hi Telsor, yes but on the flip side Poseidon has the option of...

Hi Telsor, yes but on the flip side Poseidon has the option of CoP Darwin plant. Tacking on a 2nd train there would give a higher RoE than a standalone Browse option for WPL (hence the suggestions a deal with the NWS participants then utilising NWS infrastructure). I'd venture to suggest that, for an outsider like a Chinese party, dealing with a 2nd train at Darwin with the operator CoP would be a much simpler transaction than having to either look at a standalone Browse or negotiation with all the NWS participants. Just look at the James Price Pointv debacle - not to mention that CoP needs gas for Darwin (only 4tcf for a 3.6mmtpa operation vs NWS 31tcf for its 16mmtpa behemoth).