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Msg  6109 of 13357  at  9/28/2010 6:47:45 PM  by

us2u001


 In response to msg 6108 by  CommanderCricket
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Re: More EWC info

 
 
  It's interesting that EWC has already bought and paid for a whack of modular LNG facilities for their Indonesian Senkang project, it is sitting awaiting shipment.  That project plan and some pre-sales started a dust up fight between the gov't overseer in Indonesia last spring.  That project the same size as the proposed PNG LNG plant now. I wonder if they are about to tell Indonesia to take a hike and ship it to PNG. That may be why they  can get this pulled together so quickly and it allowed IOC to save some money by not putting the NG back in the ground during condensate recovery.  All the equipment owned etc. is detailed in their most recent 2010 annual report.  They did sign a HOA with Tokyo gas last March for Senkang but maybe they flip over to PNG as well. 
 
  They talk about producing LNG from modular facilities with far less capital then is required today, I imagine that makes a whole lot of people nervous.  Then again probably those frac'ing shale for NG  were doubted as well.  Henry Alford knows this stuff so I guess you have to have some faith here.


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Msg # Subject Author Recs Date Posted
6131 Re: More EWC info stpioc 5 9/29/2010 9:46:13 AM


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