The Pluto cost over-run is now being repeated with interest by Gorgon (50%), OIL SEARCH, APLNG, etc etc. In hindsight, Pluto now seems a really good project, with good cost control.
The issue for the stranded gas reserves in the Carnarvon basis is that building a land based LNG facility from scratch is almost a non event. (Browse will be FLNG). Pluto, with the infrastructure in place is still in an excellent position to add additional trains cost effectively. I think, though, that it will take some time. We just need to be patient.
HT1
pluto capex now look good compared to gorgon
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