RE: Those in the know29 Jan 2024 20:27
No doubting Hortas concern for his country, he has fought a great battle.
Times have been good thanks to the gas. But SWF and cash generating gas fields are running on fumes. (Bit like the Company Travel card.)
By 2030 they are again, 'begging bowl', in hand, despite the huge -Sun-ditch wealth they have offshore. Let alone what Eni wanted Area P for....
What's caused the delay to monetisation? [a self centred inflexible government]. From what I can gather, the percentage royalties and taxes received by TL between piping to new infrastructure at TL or existing infrastructure at Darwin is small. So why elect to burden the country with $18 billion (China) debt and wait a further 3-4 years before monetisation over and above from a "ready to go" floating platform.
Hard Question for Stephen Sackur....?