RE: Timor Today21 Nov 2024 10:39
All Woodside have to agree on is that it goes how Gusmao/Horta have wanted it for 22 years. How that is then implemented China BRI infrastructure, Woodside/JV the previously planned 26/28 wellheads - HUB - Pipe to it, or one of many other players that may enter, will follow........ until agreed, TLNG - DARWIN - FLNG, everything else is on hold.
Australian Gov, instigated the current cut's, the original Maritime boundary deal was 50/50 with TL, to try to get things moving OZ, sweetened the deal , TL to get 70 or 80% with either option. Woodside/Osaka still wanted previously planned options Darwin the FLNG (2002/2008 declined by G&H), Timor still wanted the Island.
Do not think the OZ Gov will be a problem, they sweetened the deal just to try to get it moving, all now down to that JV meeting. They agree and the rest can fall into place, they agree to a build , gas has at least one home certain to be Green lighted by TL Gov (zero value, zero path to market removed)
Chuditch has value, even if has to wait for the build, ideally we get the first ever YES to another option, our FPSO , with a side order of TL's 2nd Gas/LNG Imports project for Domestic security, was to be completed by 2025/2026 announced in 2021 , if gets go ahead now, looking at 2028/29, still long before, the latest FB comment of 2032-2034 for Sunrise.
Chuditch , still fits like a glove, for TL's own plans (most importantly) for PM "When Gas becomes available"