Setback for gas pipeline from Papua to Australia

A planned $3.5 billion gas pipeline intended to connect Papua New Guinea to Australia suffered a setback Wednesday when Australian Gas Light said that it might suspend design work because of a lack of firm customers and rising costs.

The pipeline, which has been in various stages of planning for nearly a decade, would provide an essential new source of gas for Australia’s heavily populated eastern states, where the main gas source, the Cooper Basin, is in decline.
International Herald Tribune