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

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To: Tomas who wrote (2399)	5/14/2001 8:57:15 AM
From: Tomas	Read Replies (2) of 2742

Talks revive PNG pipe plans The Daily Telegraph, May 14 BY JOHN MCCARTHY Exxon revived the plan to link Papua New Guinea with Queensland with a natural gas pipeline in the second week of May 2001. The new action by the PNG consortium came as a proposal was floated by the Australian Pipeline Trust to start work on a national gas grid to link existing pipelines in northern and eastern Australia. Darwin would be linked to Mt Isa, Gladstone and Townsville as well as markets in the south. The link between Gladstone and Townsville remains unresolved. The Queensland Government is expected to announce the successful tenderer for the gas-fired Townsville power station in June 2001.

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