Queensland's new energy policy pushes proposed Papua New Guinea pipeline

Click here to enlarge imageIn May, the government of Queensland, Australia, issued details of a new energy policy that will have a positive impact on the proposed 1,988-mile, New Guinea-Queensland gas pipeline.The Queensland Energy Policy, created to reduce greenhouse-gas emissions, strongly supports increased use of natural gas in Queensland while penalizing continued coal use, according to a new Wood Mackenzie status report on the project.The action is the latest in a string of events leading to a stronger probability that the pipeline will be constructed, the Edinburgh-based WoodMac says. If built, the pipeline will boost the economies of both Papua New Guinea and Queensland.Although...

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