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

To: Tomas who wrote (1679)	5/24/2000 2:13:00 PM
From: Tomas	Respond to of 2742

Somaliland: Eu, Egyptian Delegations Visit, Meet Officials BBC Monitoring Service, May 23 Text of report by Somaliland newspaper `Jamhuuriya' on 23rd May An EU delegation, led by the Nairobi-based regional head, Mr Lutz Salzman, arrived yesterday in Somaliland's capital, Hargeysa. The delegation included an associate official from the EU's Somali office (Somalia and Somaliland) Joachim Knoth. Meanwhile, an Egyptian delegation arrived yesterday in the country led by the Egyptian envoy to Somalia and Somaliland Halim Salah. The delegation included representatives from firms dealing with production, reconstruction and some businessmen. The EU delegation's mission was related to some EU projects in Somaliland although there was no official comment on the purpose of the visit. The officials are expected to take part in the commissioning of an office for roads and general works which was financed by the EU. The EU delegation is also expected to sign contracts with local construction companies for the reconstruction of some of Somaliland's roads. Yesterday the delegation met the vice-president, Dahir Riyale Kahin, and Somaliland's foreign affairs minister, Mahmud Salah. Source: `Jamhuuriya', Hargeysa, in Somali 23 May 00 p 1

To: Tomas who wrote (1679)	5/24/2000 4:18:00 PM
From: Tomas	Read Replies (1) \| Respond to of 2742

Queensland Announces New, Cleaner Energy Strategy - Asia Pulse & Orogen BRISBANE, May 24, Asia Pulse - Electricity retailers will have to source 15 per cent of power sold in Queensland from alternative energy sources, under the state governments energy policy released today. Queensland Premier Peter Beattie said under the state government's Cleaner Energy Strategy no new power generating licences would be granted for coal fired power stations unless there was a clear and demonstrated need. He also announced a new base-load gas fired power station for the Townsville region. "To this end the government will work with developers of the PNG gas pipeline to advance the construction of the Townsville to Gladstone section of the pipeline," he said. Coal is the fuel source for around 97 per cent of the electricity produced in Queensland and the state's electricity sector now accounts for about 37 per cent of Queensland greenhouse gas emissions. "The cleaner energy strategy is estimated to cut greenhouse gas emissions by more than 30 million tonnes over 10 years which is the equivalent to removing the greenhouse gas emissions of one million cars," Mr Beattie said. "In the world of legally binding greenhouse emission targets, this initiative could save the Queensland economy about $A80 million ($US45.56 million) a year." ASIA PULSE ___________________________________________________ Orogen Minerals Ltd - Re Cleaner Energy Policy RNS, May 24 Release of Cleaner Energy Policy by Queensland Government Orogen Minerals Limited welcomes the initiatives of the Queensland Government included in the Cleaner Energy Policy announced this morning by Premier Beattie at the Queensland Gas and Power Conference. These initiatives included: Electricity retailers in Queensland will have to source 15% of power sold in Queensland from alternative (to coal) energy sources such as gas; A new base-load gas fired power station will be built for the Townsville region; The Queensland government will "work with developers of the PNG gas pipeline to advance construction of the Townsville to Gladstone section of the pipeline"; and No new power generating licences would be granted unless there was a clear and demonstrated need. The policy release represents another major milestone in the development of the broad economic framework required to enable the world class PNG-QLD Gas Project to proceed to development. It paves the way for work to accelerate the negotiation of binding Gas Sales Agreements to replace the conditional Gas Sales Agreements signed with two Queensland Government owned corporations, Energex and Ergon in July and August of 1999. Today's policy announcement closely follows the accord recently reached between the PNG producers on gas supply certainty and, subject to confirmation of final feasibility, the decision by Comalco to locate its proposed alumina refinery at Gladstone. Orogen is a founding partner in the consortium formed to evaluate the feasibility of the PND-QLD Gas Project. Orogen currently holds interests in the Kutubu (25.4375%) and Gobe Main (30.1875%) gas fields as well as an option to acquire a 20.5% interest in the Hides Gas field. As such, Orogen will be a significant participant in the PNG-QLD Gas Project as it evolves.