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OSH & PNG Pipeline.

  1. 99 Posts.
    Here is the article in Oil & Gas and it was also reported on the ABC on the weekend.

    Monday, 26 August, 2002
    Somare confident PNG-Qld gas pipeline will proceed
    Port Moresby, 26 August, OGT—Papua New Guinea's (PNG) Prime Minister Sir Michael Somare said he is confident a gas pipeline linking PNG's Highlands with Queensland will go ahead.

    Somare has also foreshadowed changes to tax laws to boost investment in the mining sector.

    He said he believed the PNG-Queensland gas pipeline would go ahead, after briefings from a Japanese consortium he said was interested in taking part.

    "And it looks very good, very attractive, that that project is a goer, yes," Somare said.

    He said he was looking at ways of boosting interest in PNG's mining sector.

    "I think we have some of the mining rules which are still old Australian rules we opted for and we're still maintaining them," Somare said.

    He said he was reviewing restrictive taxes on the import of expensive mining equipment.

    Mark.

 
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