re: Ann: Project Restructure To Give Arrow LN... Hi Folks,
Happy new year. I do like this new arrangement much better. Much, much easier to monitor and manage the risks.
It does however appear a big 'butt out' to LNGI, and I have to wonder what was occuring behind the scenes? Not to worry, AOE was well positioned to ensure it drove the project and had the appropriate level of control.
So now we are a budding LNG company, not just a feedstock supplier. AOE growing up fast.
I am quite ambivalent about Shell coming into the project. I expect however that they wont. The project is relatively small, using less robust design and risk management than you get with gold plated Shell projects. I don't believe Shell will want to put their reputation into this type of project. They"ll keep arms length imho. They might give AOE some technical support, but not the Shell brand.
With the financial markets open again I see a CR, plus debt. Might even see a placement to Shell? With AOE though I expect whatever they do on the finances it will be a suprise, and difficult to fault.
EL
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