The following represents 2 of the articles on Petroleum News...

The following represents 2 of the articles on Petroleum News today:

http://www.petroleumnews.net

ETS will sink a third of new LNG projects: APPEA
Thursday, 20 November 2008

"THE federal government’s proposed emissions trading scheme would result in the cancellation of a third of new liquefied natural gas projects, APPEA chief executive Belinda Robinson told a Senate Committee hearing into fuel and energy yesterday."

My understanding is PNG does not have an emissions trading scheme (correct me if I am wrong). Potentially an advantage against the Australian LNG projects coming onstream around the time of the PNG LNG project.



Cashed-up sharks eye tasty morsels
Thursday, 20 November 2008

"THE ill wind casting a chill over the global economy has proved helpful to at least a few oil and gas players, notably cashed-up companies whose revenue in US dollars or other foreign currency has them well placed for Australian shopping trips."

Hopefully, they will be going on a shopping trip to PNG as well!

Cheers

P.S. No, I am not a subscriber to Petroleum News but I can pick up the headlines each day for free!!