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Wednesday, November 3, 2010

port moresbyy

BP unyuunyuu :D MRS.DILLARD :p

US Secretary of State Hillary Clinton headed to Papua New Guinea for talks on managing an energy windfall and boosting the status of women in the deeply impoverished Pacific country.
On the first tour there by a US secretary of state since 1998, Clinton will also discuss ways to fight climate change during her talks with Prime Minister Michael Somare and other officials.
“There’s been enormous petro-finds, natural gas and the like,” Clinton’s top diplomat for Asia, Kurt Campbell, told reporters before Clinton’s tour of Asia began a week ago.
Clinton will discuss “how the current government plans to manage this tremendous windfall that will be coming to the people of Papua New Guinea,” he said.
PNG’s massive liquefied natural gas (LNG) project, potentially the largest ever such deal for the nation, will supply four major customers in Taiwan, Japan and China and is estimated to have a 30-year life.

But like the State Department, the World Bank is mindful of the experience of other developing countries that have experienced sudden energy investments only to become mired in corruption and political instability…

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