how to place a value on esg, page-5

David Casey has spoken about how ESG being in NSW rather than QLD will go from being seen as a negative to a positive.

Mrzp is quite right about the money that has to be spent to realise the spot price.

So consider this: ESG benefits from all the activity focussed around Gladstone LNG trains, WITHOUT THE CAPEX.

A gas swap deal will mean ESG simply has to join up to the grid, in order to leverage the gas requirements in QLD.

LNG, as others have discussed, will raise the prevailing domestic price for gas on the East Coast, as has happened in Western Australia. So thanks to the 'free-rider' effect, ESG benefits from the investments of others.

And gas-fired power-gen is coming. No one is investing in coal-fired now, ETS or no-ETS. So all those deferred investment decisions will have to be made, one way or the other. Investments are never done with perfect knowledge of the future and the econimic climate. But made, they must be...

When ESG certifies their (first and imminent) reserves upgrade, and looks to the follow up one in a few months time, don't be surprised if you see Origin in the mix...

Y