one thing is for sure - with this Santos announcement of $100 BILLION, ( thats $100,000,000,000.00) of CSG LNG sales from Gladstone, there is going to be ENORMOUS pressure on the Federal Govt, and the Qld Govt, to ensure these developments go through.
of course,to that number we must also add the sales contracts of all the other CSG LNG projects.
as the Chinese steel mills are reportedly reducing production, any downturn in Aust iron ore and coal will be matched by an upturn in export revenue from CSG LNG - so pressure again.
cheers
ESG Price at posting:
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