BHP has egg on its face for buying its shale gas assets in the...

  1. 1,418 Posts.
    BHP has egg on its face for buying its shale gas assets in the States at the price they did (just before the gas price plummetted). Very embarrassing for head of the Petroleum division; Mike Yeager.

    I'd be very surprised if BHP went into LNG, they are likely talking up their assets that they paid way too much for.

    If anyone does want to export LNG to China (in the future) they'd want to hurry up and get water tight contracts before the Chinese learn how to unlock the mother load of unconventional gas that they're currently sitting on top of.
 
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