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16:44
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Originally posted by psi81:
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That's part of it, but it should have worked fine regardless of it being dry gas - there are dry gas shale plays in the US (the Marcellus) as well as successful CSG plays, such as San Juan and Powder River, though obviously at $2 Henry Hub they can't compete with the oil plays that sell gas almost as a waste stream.
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Thanks mate, that is a bit more than I thought that I knew on the subject. It does show though, doesnt it, that boom times can be more dangerous than the hard times. Oil and LNG were at high prices when the CSG LNG plants were being planned. Dollar signs clouded judgement- three separate projects, FOMO, in stead of cooperating on infrastructure. Someone said somewhere, hope is not a strategy.
(20min delay)