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

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To: Tomas who wrote (782)	10/20/1998 9:14:00 PM
From: Tomas	of 2742

Papua New Guinea: Green light on gas bill Post Courier, October 21 PETROLEUM and Gas Minister Sir Rabbie Namaliu will table legislation for the development and commercialisation of gas in PNG during next month's sitting of Parliament. The legislation was expected to be tabled during the June session and continued delays have alarmed the industry. Sir Rabbie told the Post-Courier yesterday that after discussions with members of the parliamentary committee on gas development, he was now ready to table the bill. The Gulf and Southern Highlands provincial governments have prepared a separate Gas Act, which is expected to be tabled as a private member's bill during the budget session. They are opposing the Government's proposal to make amendments to the Petroleum Act to cater for gas development, opting instead for a separate Act. The delays in the introduction, and subsequent passage, of any legislation has deferred discussions on commercial gas agreements between the partners of the proposed PNG to Queensland pipeline, the department of Petroleum and customers. Sir Rabbie said yesterday that all the views expressed by members of the parliamentary committee had been taken into account. PNG Gas project director Dr John Powell said last week that all approvals for the project on the Australian side were expected to be completed by the end of next month. His PNG counterpart, Dr Mosley Moramoro, said there had been an initial response from PNG's Department of Environment and Conservation last month on the project environmental plan. Dr Moramoro said this evaluation process was expected to continue until January, after which a provincial ''road show'' will explain the project to affected people. Apart from the concerns about the proposed separate Gas Act, Dr John Powell said support for the project from both the Australian and PNG governments was strong. Meanwhile, Dr Powell said it was expected that talks with Exxon over the use of gas from the Hides fields would completed later this month. The Hides project is a joint venture between Oil Search and Exxon, with only Oil Search participating in the PNG Gas project. 203.22.79.35

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