ESG eastern star gas limited

have hitachi and marubeni now 'downed tools'?

  1. 3,666 Posts.
    I had a thought.

    Santos supposedly have this deal with ESG. So, if Santos want the gas for GLNG, or for the power-gen market, they won't be pursuing LNGN, will they? It was just ESG involved in LNGN's front end, not Santos and the Narrabri JV.

    SO, I wonder whether, in light of this 'deal, have Hitachi and Toyo and Marubeni and ESG 'downed tools' on progressing LNGN? Is Alan Fanton looking for a new job? There would be no point spending any more time and money on a project that had is to be scrapped under a Santos-controlled ESG...

    And if Hitachi, Marubeni and others ARE still beavering away on LNGN, then where is the recognition of LNGN as a viable project? - recognition in ESG's reserves (where no LNG markets are currently factoring in), and recognition in Santos' acquisition price.

    Was the purchase of the land at Kooragang Island a waste of time? Was all the work on LNGN, by ESG and the Japanese companies, a waste of time? Were Hitachi and Marubeni, experiencd and large companies, play for fools by Santos?

    I think the answer to the questions about LNGN goes right to the heart of whether this 'deal' is a done deal, or whether this game still has some twists and turns yet to come...

    Yaq
 
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