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
CTP Price at posting:
20.5¢ Sentiment: None Disclosure: Held
