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Sasol (SSL) says it seeking a buyer for its Papua New Guinea assets, apparently giving up on...

Sasol (SSL) says it seeking a buyer for its Papua New Guinea assets, apparently giving up on plans to develop a gas-to-liquids project there. Interest among international energy companies in the country’s gas potential remains high, with an estimated 26T cubic feet of natural gas which could be developed for export to Asia.
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Comments (6)
  • Chris DeMuth Jr.
    , contributor
    Comments (4581) | Send Message
     
    Papua New Guinea upstream assets appear to have more sellers than buyers at the moment.
    5 Apr 2013, 08:43 AM Reply Like
  • MICROBIOBOB
    , contributor
    Comments (38) | Send Message
     
    Reading the local papers, one gets the impression that the PNG government is going the way of Mongolia by wanting more and more of the assets of companies doing business there and failing to honor commitments.
    5 Apr 2013, 08:59 AM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4581) | Send Message
     
    That is my impression, too, for what it is worth. What a shame.
    5 Apr 2013, 09:06 AM Reply Like
  • Larry Smith
    , contributor
    Comments (2602) | Send Message
     
    XOM already has operations there, if the assets are geographically close to XOM's, might make sense to add the assets.
    5 Apr 2013, 09:02 AM Reply Like
  • redduke
    , contributor
    Comments (227) | Send Message
     
    Everyone wants to sell gas in Asia. Are we going to have a glut? Maybe SSL is seeing something.
    6 Apr 2013, 03:23 PM Reply Like
  • MICROBIOBOB
    , contributor
    Comments (38) | Send Message
     
    China has many trillions of cubic feet of untouched natural gas in shale that it will, according to a recent report (BBC World News, I believe), rapidly do what's necessary to get it out of the ground, so as not to pay 6-8 times what we pay. Many countries are finding there own sources and I think that many of these new projects may run into commercial trouble, in relatively short periods of time, considering the amount of time it takes for them to get operational.
    6 Apr 2013, 06:37 PM Reply Like
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