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DELAYS, COMPETITION THREATEN PAPUA NEW GUINEA GAS PROJECT Submitted by admin on Wed, 08/09/2000 - 00:00 PORT MORESBY, Papua New Guinea (August 7, 2000 - Papua New Guinea Post-Courier/PINA Nius Online) -A failure by the State and the proponents of the K 1 billion (US$ 384,000,000) PNG Gas project to conclude the negotiations on gas agreements quickly could cost the project dearly, sources warned. This, combined with the threat of the Timor pipeline, should be of concern to all parties, the sources said. The Gas Agreement forms the basis for project proponents to make a decision whether to adopt the front-end engineering design (FEED) phase. ....