Article: BUSINESS IN ASIA TODAY - MAY 10, 2001.

Business in Asia on May 10, 2001. A summary prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, market intelligence and business opportunities:

AUSTRALIA'S EPIC, US CO TO BUILD DARWIN-MOOMBA GAS PIPELINE

PERTH - Epic Energy has formed an alliance with United Stated-based Phillips Petroleum to build a proposed $A1.5 billion (US$773.25 million) Darwin to Moomba gas pipeline. The pipeline would transport Timor Sea gas from Darwin to the Moomba gas hub in South Australia and provide a secure energy supply to south eastern markets and accelerate growth in natural gas consumption, the company's chief executive ...

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