Sydney Gas Company NL and Hunter Specialty Steels Ltd signed memorandum of understanding, which provides the potential benefits of supplying coalbed methane gas (CMG) as an alternative "green" energy source to a new Hunter Valley steel mill.
If sufficient volumes and compositions of CMG are found in the area, Sydney Gas will build a drilling operation beside HSSL's steel mill on the Macquarie Generation Industry Zone in the upper Hunter.
The final aim of this project not only to explore the potential use of coalbed methane but also to promote the `green' energy benefits of natural gas.
The US is going to ban exports of Iranian oil to the world market from November 5 of this year. In turn, Iran threatens to block the passage of oil tankers of the Gulf countries through the Strait of Hormuz
The choice of the city of Helsinki is not incidental as the capital of Finland had hosted US-Soviet negotiations on the limitation of nuclear stockpiles in 1969