History
Originally it was planned to transport the gas to Australia via 4,000 kilometres (2,500 mi) long offshore pipeline. A subsidy of Chevron, South Pacific Pipeline initiated the project in 1998 with an Environmental Impact Statement. The plan was to build a pipeline from Kutubu, through Gobe and Kopi to Bamaga and then south to Gladstone in Queensland, where it was to be connected with existing infrastructure. However, in January 2007 the connecting pipeline project was suspended, mostly due to a lack of foundation load customers, and the project partners started working on the LNG project. On 22 May 2008, the Government of Papua New Guinea and project consortium signed an agreement outlining fiscal and legal framework for the project.
Read more about this topic: PNG Gas
Famous quotes containing the word history:
“Those who weep for the happy periods which they encounter in history acknowledge what they want; not the alleviation but the silencing of misery.”
—Albert Camus (1913–1960)
“While the Republic has already acquired a history world-wide, America is still unsettled and unexplored. Like the English in New Holland, we live only on the shores of a continent even yet, and hardly know where the rivers come from which float our navy.”
—Henry David Thoreau (1817–1862)
“My good friends, this is the second time in our history that there has come back from Germany to Downing Street peace with honour. I believe it is peace for our time. We thank you from the bottom of our hearts. And now I recommend you to go home and sleep quietly in your beds.”
—Neville Chamberlain (1869–1940)