HZN 0.00% 19.5¢ horizon oil limited

WLNG project, page-32

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    https://www.theage.com.au/business/...king-with-australian-gas-20180927-p506g2.html

    Pertinent paragraphs for HZN:

    The need to secure LNG may also be a motivation behind China's Belt and Road Initiative moving into the Pacific. Papua New Guinea - being showered with BRI financing from Beijing - has a massive $19 billion ExxonMobil gas project which has contracts to deliver LNG by ship from Port Moresby to two major Chinese energy companies, Sinopec and PetroChina.

    "The Chinese are talking to all LNG projects that have been proposed. Price is still the most important factor when they talk to new people" - Wood Mackenzie

    Taking the glass  half-full view suggests China's 'need to secure LNG' may be value accretive to HZN shareholders.

    But until there is clarity over PDL10, we wait...

    DYOR
 
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