ESG
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0.00% 86.5¢ eastern star gas limited

so, if sto gets $100b for 5mtpa...

  1. Yaqona
    3,666 Posts.
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    09/09/10
    11:19
    Post #: 7176397
    Santos announcement today just shows how strong the demand is to secure LNG supply.

    Santos claims a $100 billion offtake for 5mtpa (that it based on a two train project).

    And yet, Santos wish to count the offtakes from two trains, but don't have enough gas to FID two trains!

    Sorry, you can't have it both ways Santos!

    Consider now ESG and NLNG. They have plans of their own to expand from an initial 1mtpa to 4mpta. That impies an offtake value of $20 billion, rising to $80 billion. And ESG have the reserves and the resource to reserve convesion to deliver that.

    Also amusing how ESG is up 5% on this news, and Santos is up less than 1%! ;)

    Yaq
    ESG Price at posting: 89.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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