there IS money available for development of gas for domestic use.
witness APA/COE deal, and SXY/EIG deal.
SA is talking about $550m which includes a battery farm, plus a gas peak fired generator ($350m) plus about $50m for gas exploration (must supply gas to SA).
Now today some BHP execs have proposed to IMPORT LNG from Singapore (Singapore !!!!????), and store it on a barge in SA harbour, build the regasification plant and generator, and supply electricity for peak demand.
The article says that last proposal is viable at $10/gj.
ANother article todays says that gas users cannot even get 2 yr gas contracts at $20/gj!
So I am at a loss to understand WHY isn't SA better-off lending CTP the funds to develop its gas reserves and pump the gas to SA?
They would save money, because CTP would not need $550m.
And it already has plenty of 2P reserves, the NGP is being built, and the time to get to market is a lot less than the other options being floated about.
Gas from Singapore ??? crazy dynamics
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Mkt cap ! $40.70M |
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1 | 200000 | 0.049 |
1 | 847077 | 0.048 |
2 | 410000 | 0.047 |
1 | 100000 | 0.046 |
Price($) | Vol. | No. |
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0.055 | 449999 | 1 |
0.058 | 172431 | 1 |
0.059 | 25000 | 1 |
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