drawing a long bow, page-2

Agree.

But I think LNG can buy some gas off Arrow. As both LNG and Arrow have connections with CNPC (eg. HQCEC and PetroChina).

LNG may buy gas from MEL to diversify its sources.

But I don't think Arrow will takeover MEL at this stage, esp. when their takeover of BOW isn't complete yet. Esp. by end of the year. They don't want to complicate a successful BOW takeover yet, until its complete.

So in the meantime, Arrow can buy up a stake in MEL and wait to launch till BOW is finished and may finish off MEL.

MEL is the last one standing.