From the AFR:
Arrow LNG has been holding negotiations on potential consolidation with rival LNG ventures in Queensland, raising expectations that owners Shell and PetroChina are moving towards scrapping plans for a $20 billion-plus stand-alone plant to instead join Santos or Origin Energy projects.
Origin chief executive Grant King and Santos boss David Knox on Wednesday both referred to talks with Arrow and held up the possibility of an amalgamation between their respective ventures and the Arrow project.
…Chief financial officer Simon Henry is expected to comment on progress at Arrow at Shell’s first-quarter results in London on Thursday.
This is a no-brainer. Building another LNG plant at Curtis Island probably isn’t even possible. Who would finance it? Plus it provides at least some risk mitigation to the existing projects that the community shift against CSG won’t leave them short of gas.
Another one bites the dust I reckon.
