"Another factor is the estimated $2.5 billion it will cost to connect Crux into Prelude, and how Nexus will finance its share."
Isn't this the reason why floating LNG platforms were thought of in the first place to replace the costly exercise of piping the gas long distances? Why wouldnt you float it over to Crux after Prelude rather than transfer the gas from one reservoir to another.
“It will use technology very important to Australia’s future development of the offshore industry where floating fields are like a huge ship and can be moved from field to field – even around the world.
Sorry if the answers a simple one as I'm a novice
MEO Price at posting:
18.5¢ Sentiment: Hold Disclosure: Held