Papua New Guinea may re-emerge as a supplier of gas to Australia’s tightening east coast market, this time via Australian utility AGL Energy’s planned import facility in Victoria, a senior analyst from Deutsche Bank said on Thursday.
As a stakeholder in gas projects in Papua New Guinea, AGL was involved in the A$7 billion (US$5.6 billion) plan to build a pipeline from PNG to Australia. However, construction work was suspended at the end of January 2007 after AGL ran into financial difficulties. The company also found...
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