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

To: Tomas who wrote (882)	12/15/1998 5:59:00 PM
From: Tomas	Read Replies (1) \| Respond to of 2742

Oil&Gas Journal on the Papua New Guinea pipeline project, December 14 The Chevron-led group planning the $3.5 billion (Australian) Papua New Guinea-to-Queensland natural gas pipeline (OGJ, Nov. 30, 1998, p.33) is seeking to extend the line to Brisbane in the southeast corner of the state. Speaking at the Papua New Guinea Mining and Petroleum Investment conference in Sydney, Peter Botten, managing director of consortium member Oil Search Ltd., said discussions are already well advanced with potential customers in Brisbane. The inclusion of Brisbane would free up the project from reliance on aluminum company Comalco, a key potential customer. Comalco is deciding whether to go ahead with its $1.4 billion alumina refinery in Gladstone, Queensland, or to change the location to Malaysia. Botten says there is sufficient gas demand to support the project.