i have a theory ( not mine alone as i read something months ago where they were tipping segal would look at something in gas) that CALTEX will be looking on at boc's plans for a network of stations for refueling for trucks with lng with some interest.
Are they going to sitback and watch some of their market be canibalised?? i see the westside ceo talking of 270pj of demand per annum if they could get most of the heavy haulage fleet onto lng - Caltex and/or others ( there was a rumour mel was going to do more with bp ) will look to get involved with converting csg to fuel . the likes of linc et al with ucg may be on the radar, but that industry is still embryonic and seen as more risky!
MEL Price at posting:
52.0¢ Sentiment: LT Buy Disclosure: Held
