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PNG pipeline takes another hit as Qld CSM booms

NEWS has emerged of further cost blowouts on the Papua New Guinea-Queensland pipeline project and speculation is continuing that PNG gas might be unable to compete with cheap coal seam methane. Meanwhile PNG pipeline construction partner Australian Gas Light this morning completed the acquisition of a 50% share in one of Australia’s largest producing CSM projects.

PNG pipeline takes another hit as Qld CSM booms

AGL acquired the half-share in the Moranbah coal seam methane project from BHP Billiton for $US68.7 million ($A93 million) effective January 1, 2006. In light of worsening problems with the Australian...

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