It would appear that the PNG LNG facility has been shutdown...

It would appear that the PNG LNG facility has been shutdown after a major earthquake. While, for safety reasons, it is the right thing to do, I suspect that WPL may be able to take advantage of this issue. Here is the link

quakedriven-shutdown-of-papua-new-guinea-lng-cuts-export-revenues

On another matter, it would seem that Sunrise has been resolved. The newspaper talk is that if a processing plant is built in East Timor, then the revenue split is 70/30 East Timor / Others. If it is floating LNG, the revenue split is 80/20 East Timor / Others. Is it possible for WPL to make an acceptable ROIC with this project? I would have thought no, but someone else may have more information than I do on this one. IMO, WPL should sell out of this and walk away.

HT1