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Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden)

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To: Tomas who wrote (1943)12/6/2000 9:38:53 AM
From: Tomas  Read Replies (1) of 2742
 
PNG gas contracts nearly wrapped up
The Courier-Mail (Queensland), December 6
BY BELINDA TASKER

The commercial contracts for the Papua New Guinea (PNG) to Queensland gas pipeline are expected to be completed soon. On 5 December 2000, Oil Search managing director, Peter Botten, said agreements with utility customers such as Ergon Energy and Energex in Queensland should be completed by late December 2000. Producers for the gas pipeline include Orogen Minerals, Oil Search, Santos, Chevron Australia, and ExxonMobile. While each company holds a different stake, the Australian Competition & Consumer Commission will allow them to sell the gas jointly.
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