PORT MORESBY 16 April,
Greywolf note: This project ain't rocket science folk's ie it's rather simple. Northen Australia need's the energy and the PNG has it!
Oh that's unless you want to burn a few crocodiles or maybe ship coal from down south - get real! Have you been to the top end? Didn't think so!
The project partners of the proposed multi-billion kina PNG to Queensland gas project will know where the project is heading after the "next two to three months",
Chevron Australia's external affairs manager, Cliff Leggoe, said yesterday.
Speaking to The National from Brisbane, Mr Leggoe said the project's actual development now hinges on "how quickly we can capture the market," adding that the consortium was
aiming for first gas to flow to customers by 2002.
"We are putting a lot of effort into it now," he said, adding that the challenge for the partners was to identify the size of the market.
He said apart from Comalco, the project partners were in close dialogue with other big energy consumers including Stanwell Power Generation in Townsville, NRG Power Generation in
Gladstone, QNI nickel refinery (Townsville), QAL (Gladstone) and the State-owned Energex and Ergon.
Besides these big companies, they were also in dialogue with smaller potential energy customers in Queensland.
Meanwhile, the Mineral Resources Development Company (MRDC) yesterday joined the chorus of commendation to the agreement between Oil Search and Exxon.
MRDC managing director Dr Ila Temu praised all parties involved in the deal in a statement.
MRDC is the State's nominee company in managing landowners' and provincial governments' equity interest in petroleum and mining projects.
"As manager of Petroleum Resources Kutubu Ltd (PRK) and a partner in the PNG-Queensland gas project, the latest development represented an opportunity for long term investment
for the Gulf and Southern provincial governments and the respective landowners," said Dr Temu.
"MRDC remained committed under its mandate to ensure the provincial governments' and landowners' interests were adequately catered for under existing legislation and Government
policy directions in the development of this gas project." |
