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

To: Tomas who wrote (1134)	6/4/1999 8:34:00 AM
From: Tomas	Read Replies (1) \| Respond to of 2742

Papua New Guinea: Queensland gas demand could quadruple by 2006 Reuters World News Service, June 4 Wendy Pugh, Melbourne newsroom Queensland gas demand could quadruple to 280 petajoules per year by 2006 if the gas market potential was met, Queensland state Premier Peter Beattie said on Thursday. Beattie said at the opening of Boral Ltd's <BOR.AX> new A$30 million gas-fired power station at Roma that there had already been a 50 percent increase in the size of the state's gas market over the past three years to 70 petajoules a year. "There is great potential for this market to expand," he said. "If the private sector and government meet the challenge then the Queensland gas market could expand to more than 280 petajoules a year by 2006. " Supplies of natural gas to the state could be boosted by both the proposed Papua New Guinea to Queensland gas project as well as a new coal seam methane development. Beattie said two peaking power plants near Townsville, which began generation earlier this year, and the proposed Oakey power project in south-east Queensland were considering securing supplies from either of the sources. "The negotiations for the three power stations are well advanced, with the gas coming from the PNG fields or coal seam methane," he said. Boral's new peaking plant at Roma comprises two 35 MW units, powered from existing gas fields in south-west Queensland. Wendy Pugh, Melbourne newsroom