Mr Davies has also confirmed that Arrow and its joint venture partner Shell are continuing to negotiate terms of gas supply to the companies proposed LNG facility on Curtis Island in Gladstone. Shell has announced that the facility is expected to start production in 201415 and produce up to 16 MMt/a through the phased construction of four trains.
To me all this will increase the pressure, not just Arrow, but more so on Shell.
A Merry Christmas to all HC readers.
AOE Price at posting:
$3.95 Sentiment: Hold Disclosure: Held
