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Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden)
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To: Tomas who wrote (1946)12/6/2000 9:40:19 AM
From: Tomas  Read Replies (3) of 2742
 
PNG: Exxon may run pipeline
The Australian Financial Review, December 6
BY BRUCE HEXTALL

Late in 2000, ExxonMobil is expected to take control of the Papua New Guinea to Queensland pipeline project. Exxon is expected to take control of the $US3.5bn gas project from United States-based Chevron, courtesy of its existing 30 per cent stake. Once the project moves to the development stage, Exxon is likely to take control from Chevron, which itself holds a nine per cent stake.
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