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:
“What is most interesting and valuable in it, however, is not the materials for the history of Pontiac, or Braddock, or the Northwest, which it furnishes; not the annals of the country, but the natural facts, or perennials, which are ever without date. When out of history the truth shall be extracted, it will have shed its dates like withered leaves.”
—Henry David Thoreau (1817–1862)
“In history the great moment is, when the savage is just ceasing to be a savage, with all his hairy Pelasgic strength directed on his opening sense of beauty;—and you have Pericles and Phidias,—and not yet passed over into the Corinthian civility. Everything good in nature and in the world is in that moment of transition, when the swarthy juices still flow plentifully from nature, but their astrigency or acridity is got out by ethics and humanity.”
—Ralph Waldo Emerson (1803–1882)
“Let us not underrate the value of a fact; it will one day flower in a truth. It is astonishing how few facts of importance are added in a century to the natural history of any animal. The natural history of man himself is still being gradually written.”
—Henry David Thoreau (1817–1862)