Gas and Coal Economics, page-13

They could seek to negotiate a contract now, but all of the leverage is with the potential buyer (realistically, only Meralco could give them what the need). In economic terms, everything they have done is a sunk cost, and buyers will not assign much value to sunk costs in a case like this. The thing that would help, of course, is a power shortage, but the sector is clearly in surplus now and for the near term. On Indonesia, not sure about Wasambo, I think that field suppplies their power plant and would supply the LNG facility too. That business of producing gas and operating the power plant seems to be a good one with solid EBITDA, and (critically) underpinned by contracts, but the contracts end in the early 2020s.