One must surmise that Petrochina has a strong concern about a gas glut. Perhaps they want to be sure to make people think they are trying to secure long term access to LNG on the cheap in order to hide the fact that they are worried about this gas glut.
Shell on the other hand obviously have nothing to hide, they must instead as major WPL shareholder just be trying to wind Voelte up for the next WPL board meeting (expensive Dutch sense of humour), or maybe goad BG into wasting even more money in Qld.
What an unwanted resource in a world flooded by gas.
EL
shell has launched a takeover bid for arrow, page-54
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