KEY key petroleum limited

IMO, in the short term, Key should be prioritizing gas sales...

  1. 19,428 Posts.
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    IMO, in the short term, Key should be prioritizing gas sales through the existing pipeline as per prior plans.

    I doubt they have enough info to indicate the new gas disc is enough to support a separate plant, so I can only assume there are technical/legal hurdles with acquiring access to the pipeline.

    However in the long run, I think it in KEY's and Tanzania's interest to set up a LNG export facility with close proximity to Asian markets. And what better place than on Songo-Songo island?

    Very large gas fields will be required to support that idea. But if KEY finds what we hope it will find, there is not likely to be a local market for the gas anyway, so it will be the only way to go.
 
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