This battle in disallowed with Shell to take over Cove had some impact on PTTEP for the financing of the other projects. So PTTEP is now interested in a solution where the awarded team should design, build, own and operate the FLNG. In this new context, no sure that SBM and Linde should move further, offering the opportunity to Hoegh LNG, KBR and DSME to step in the FEED contract. Hoegh LNG owns and operates a fleet of LNG carriers for 40 years and is looking for opportunities to scale up its expertise with floating LNG services. As soon as Hoegh LNG, KBR and DSME will manage to complete their pre-FEED to the point where a financial agreement can be found with PTTEP, the final investment decision (FID) could be made for the Cash-Maple FLNG project, likely on early 2013.
the above info is from 2011...discussed options to develop Cash -Maple...(FLNG was decided on..as they don't have a Darwin LNG plant..)...the 2013 suggested date has passed but the new concept of total outsource of LNG processing is consistant with the way Meo are positioning Tassie Shoal processing hub.....note the different nominated companies...
Agent...
did suggest last week that developments regarding TS. Were progressing...
MEO Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held
