eni know what they are doing and they have some kick-ass plans. At 32.5% of 7Tcf which is 28% CO2, NT/P68 comes into its own. eni will likely have 75% of 7Tcf, of which the majority will be low CO2 and some condensate to boot.
eni is making a sustained effort to keep themselves open to evaluating "all development options", ie TS. It is clear at the global results, they refer to the resources being developed as "LNG style projects". Then MEO announces the JV (of which eni is 50% and will be 75%) will evaluated all development options, "includingTS".
All the while MEO are updating engineering designs and costs for TS.
Oh, and MEO stop advertising TS as of the last quarterly (noted by mm, very cleverly).
Where does this leave us? I guess we will see.
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eni know what they are doing and they have some kick-ass plans....
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