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Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden) -- Ignore unavailable to you. Want to Upgrade?

To: Tomas who wrote (1514)	3/9/2000 7:21:00 PM
From: Tomas	Respond to of 2742

Canberra, March 7 (Reuters)- A proposed natural gas pipeline from Papua New Guinea (PNG) to Australia will feature prominently on the agenda for a meeting next week between ministers of the two countries. The ministers are scheduled to attend the annual Australia-PNG Ministerial Forum in Port Moresby from Sunday. ... "This year's forum will focus on the maintenance of an attractive investment climate and progress in advancing arrangements for the PNG-Queensland gas pipeline (among other things)." Exxon Mobil Corp , Santos Ltd and Oil Search Ltd said last Friday they were in final discussions on feeding natural gas to the Chevron Corp - led pipeline project. The pipeline, which will cross the Coral Sea to Queensland is expected to generate up to 14.5 percent of the poverty-stricken nation's GDP and create thousands of jobs, according to PNG's government.