R,
"It has more to do with one of the Chinese end users of the VC deal wanting a larger and more directly tailored deal, than anything else.
That makes sense to me. Ive spent a couple of months in China, and as we all know, the pollution problem is real and there is increasing pressure to reduce coal burning.
From memory, VC sell 120 mtpa to China, and the initial ESI deal is 1 mtpa. So the VC ESI relationship has enormous room to move.
"Seems they want in over and above the original deal."
Unfortunately, the $ comes first, and the environment second worldwide.
But I can imagine " Chinese end users " getting excited with this win/win situation.
Kos must have pinpointed Feb 27 for a reason, so we can only assume VC jv will happen prior.
Feb 27 will be pointless without a VC jv ?
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