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December 2009

Exxon OKs gas project, despite finance worries

SYDNEY (AFP) –
Energy giant Exxon Mobil Tuesday approved a 15 billion US dollar liquefied natural gas (LNG) project in Papua New Guinea, potentially the largest ever such deal for the impoverished Pacific country.

The venture's United States-based lead partner said the green light was conditional on securing binding contracts with two more Asian customers and finalising financial arrangements, expected by early 2010.

"We are pleased to achieve the important milestone of securing the approval of the co-venturers to move ahead with our project," said Peter Graham, managing director of Exxon's PNG subsidiary Esso Highlands.

"Pending completion of these sales and financing arrangements, significant project activity will commence in 2010," he added.

Exxon and the other partners -- Australia's Santos and Oil Search, Japan's Nippon Oil and Eda Oil, owned by PNG's government -- had previously indicated they would make a final investment decision Tuesday.

Instead, they extended the deadline to allow for completion of contracts for the project's full annual capacity of 6.6 million tons for 30 years.

Patersons Securities associate director John Curtin said the deal, "if it gets off the ground at these prices ... will double the size of PNG's GDP".

Australian trade minister Simon Crean said his government would lend up to 500 million US dollars for the project's development, through its export credit agency. Similar agencies in the United States, Japan, China and Italy have already offered debt financing.

"This project will provide a boost to PNG, the region and Australia," said Crean, adding that demand for LNG would boom as the world shifted to cleaner sources of energy.

"Beyond Australia?s competitive advantage and expertise in this field, the PNG development could enhance the significance of our region as a reliable global supplier of energy," he said.

Binding contracts have been signed for the sale of a combined 3.8 million tons per year from the project to China's Sinopec and Tokyo Electric Power Co in Japan.

Preliminary agreements which are yet to finalised have been reached with Osaka Gas Co, also of Japan, and Taiwan's CPC Corp.

Exxon Mobil said PNG's government had acquired a 16.6 percent stake, while PNG landowners took 2.8 percent.

"It's a very big deal for Oil Search, which owns 29 percent of the project, and Santos, which owns 13.5 percent of the project," Curtin said.

Fantasy Basketball

Fantasy Basketball

There are many rule variations when playing fantasy basketball. The rules used in a particular league are determined by the rule settings. Some common rule variations are discussed below. Commonly, fantasy basketball leagues may track as few as three or as many as eleven categories. Three-category leagues usually account for only points, rebounds, and assists. Five-category leagues generally add blocks and steals. Eight-category leagues usually add field goal percentage, free throw percentage, and either three-point field goals made or three-point field goal percentage. Nine-category leagues usually add the category of turnovers. Rarely, other statistics such as fouls are counted.

Some leagues allow the league "commissioner" to determine which categories will be tracked. If these categories are chosen poorly, the league may be unfairly weighted for or against certain positions. For example, a league that tracks points, rebounds, assists, steals, and three-point field goals would be weighted toward guards, who typically have higher numbers in many of these categories, and against power forwards and centers, who typically have higher numbers in the block and field goal percentage categories, which are not counted. In public leagues, the number of teams in a league is typically ten or twelve. In private leagues, which are invitation-only and usually utilized by players who want to compete against a group of people they know, the number of teams will vary substantially.

Killing bin Laden key to Al-Qaeda defeat: McChrystal

WASHINGTON (AFP) –
Killing or capturing Osama bin Laden is the key to defeating the Al-Qaeda terror network, the NATO commander in Afghanistan told US legislators in testimony on Capitol Hill.

General Stanley McChrystal added that the additional 30,000 troops ordered by President Barack Obama would turn back insurgent momentum in Afghanistan "by this time next year" and cut off the Taliban from the population.

Testifying Tuesday about the US military surge of forces in Afghanistan, he said of Bin Laden: "I believe he is an iconic figure at this point whose survival emboldens Al-Qaeda as a franchising organization across the world."

"It would not defeat Al-Qaeda to have him captured or killed, but I don't think that we can finally defeat Al-Qaeda until he's captured or killed," McChrystal told the Senate Armed Services Committee. Related article: US general confident on surge

US officials believe that bin Laden -- considered the chief mastermind of the attacks of September 11, 2001 on New York and Washington that killed nearly 3,000 people -- is hiding along the mountainous Afghan-Pakistani border.

US ambassador to Afghanistan Karl Eikenberry, also speaking at the hearing, said that capturing or killing bin Laden "does remain important to the American people -- indeed, the people of the world."

McChrystal and Eikenberry testified one week after President Barack Obama ordered an additional 30,000 troops to Afghanistan.

US national security adviser James Jones told CNN on Sunday that the latest intelligence reports suggest that Bin Laden "is somewhere inside north Waziristan, sometimes on the Pakistani side of the border, sometimes on the Afghan side of the border, hiding in very, very rough mountainous area, generally ungoverned."

However Defense Secretary Robert Gates, also speaking Sunday, said in an interview that Washington did not know where bin Laden was and had lacked reliable information on his whereabouts for years. Related article: Gates in Afghanistan

A recent Senate report said Bin Laden was "within the grasp" of American forces in late 2001 but escaped because then-defense secretary Donald Rumsfeld rejected calls for reinforcements.

McChrystal, head of US and allied forces in Afghanistan, predicted that the US troop increase would reverse the momentum of Taliban insurgents and ensure their ultimate defeat.

By mid-2011 "it will be clear to the Afghan people that the insurgency will not win, giving them the chance to side with their government."

The US general said he was confident of success because the Taliban remained unpopular, and that Afghans did not see foreign troops as occupiers but as a "necessary bridge to future security and stability."

The Taliban "are not a national liberation front that people inside are just waiting for their success," the general said. "They succeed largely on their coercion."

McChrystal presented a united front at the hearing with Eikenberry, despite public clashes between the two over war strategy that had played out over the past weeks in leaked news reports.

Obama's plan combines a troop buildup with a target date of July 2011 for the start of a gradual US withdrawal, a provision that has drawn criticism from opposition Republicans who say it plays into the hands of the enemy.

Though McChrystal told lawmakers he did not propose the withdrawal target date, he said setting a timeline for a handover to Afghans posed no military problem -- but acknowledged that the insurgents could misrepresent the date for propaganda purposes.

Obama's promise to begin withdrawing troops in mid-2011 has sparked concern in Afghanistan and neighboring Pakistan that insurgents could wait out the surge and attack a pared down force in 18 months' time.

McChrystal warned that coalition forces faced "a complex and resilient insurgency," and that the most difficult task would be improving the credibility of local and national government.

The general also said he was satisfied with the reinforcements, and that he did not expect to ask for more forces within a year.

As a first step in the troop buildup, a contingent of 1,500 Marines will begin arriving next week in the southern Helmand province, where commanders hope to turn the tide against Islamist insurgents.

With thousands of troops due to pour into the country's south, the insurgents will face long-odds in combat and likely be forced to turn to more attacks using homemade bombs, a senior military official told reporters.

"If they try to contest with any kind of head-on-head forces, they'll get swamped in the south, and they'll just get hammered," said the official, who spoke on condition of anonymity.

A survey out Tuesday showed more Americans backing the war since Obama presented his plan last week. Support for the mission jumped nine points to 57 percent against 37 percent opposed, according to the Quinnipiac University poll.

Iran to deal 'firmly' if yacht Britons found guilty

TEHRAN (AFP) –
Iran said on Tuesday that five British sailors detained in southern Gulf waters by the elite Revolutionary Guards would be dealt with firmly if found guilty of what it called "ill intentions."

The five men on board an 18-metre (60-foot) racing yacht were detained last week by the Revolutionary Guards, the force's navy chief told the Fars news agency.

President Mahmoud Ahmadinejad's chief of staff, Esfandiar Rahim Mashaie, said the way to deal with the Britons "arrested in the Persian Gulf by Iranian forces will be decided by the judiciary," Fars reported.

"If these people's ill-intention is proven, they will be dealt with seriously and firmly," he said, adding that Tehran had in the past dealt firmly with people who "entered Iran illegally."

Reacting to Mashaie's comments, Foreign Secretary David Miliband said "there's certainly no question of any evil intent," insisting that the five were clearly innocent and saying that he hoped for a speedy resolution.

He also said the sailors' detention has "nothing to do" with politics or the standoff over the Islamic republic's nuclear programme, which the West suspects has military aims despite Tehran's denial.

"This is a human story of five young yachtsmen," Miliband told reporters in London. "It's a consular case, which is being treated as a consular case by the UK, and I'm sure will be treated as a consular case by the Iranian authorities."

He said earlier on Tuesday that Britain has "no argument" with Tehran over the sailors and stressed that they were being treated well.

The seizure, which recalls the detention by Iran of 15 British navy personnel in the Gulf in 2007, comes amid already heightened tensions between Tehran and the West over Iran's nuclear plans.

The five were sailing from Bahrain to the start of a race in the emirate of Dubai when their yacht, "The Kingdom of Bahrain," was stopped last Wednesday in the Gulf, the Foreign Office said.

They are believed to have been intercepted near the Iranian-controlled island of Abu Musa, whose ownership is disputed by Iran and the United Arab Emirates, a Bahraini interior ministry source told AFP.

Miliband stressed that the latest incident was different from the one in 2007, which involved military personnel.

"It is important to say that these are civilians, not Royal Naval personnel," he said. "They are yachtsmen, they were going about their sport and it seems they may have strayed inadvertently into Iranian waters."

Revolutionary Guards navy chief Ali Reza Tangsiri told Fars that the Britons had been arrested by his forces.

"The British intruders have been arrested by the Guards' navy," he said, adding that "the movements in the Persian Gulf are under the supervision of Sepah (Guards)."

The yacht may have been drifted into Iranian waters after breaking its propeller en route to the Dubai-Muscat Offshore Sailing Race, which started last Thursday, British media reports said.

Informed sources in London have named the crew as Oliver Smith, Oliver Young, Sam Usher, Luke Porter and David Bloomer.

On a visit to Seoul, Iran's Nobel peace laureate Shirin Ebadi called for their release. "I believe the Iranian government has arrested them without warnings. They must be released as soon as possible," she told reporters.

Ebadi, a lawyer, said the Britons might have entered Iranian territorial waters by mistake. "In this case, maritime police should have escorted them out into international waters," she said through an interpreter.

Charles Porter said he had spoken to his 21-year-old son Luke on a mobile phone since the incident and that he appeared to be in good spirits.

"From what we understand there was an oilfield on their charts -- which is a restricted area -- so they chose to go one side of it," Porter said, adding the yacht may therefore have strayed too close to an Iranian island.

The Foreign Office said it could not say where the Britons were being held or if they were in prison.

In the 2007 incident, eight sailors and seven marines were captured on March 23. Britain insisted they were in Iraqi territorial waters, while Tehran said they were in Iranian waters.

During the 13 days they were held, the 14 men and one woman were not mistreated but they were paraded on Iranian television, sparking anger from Britain and other Western governments.

Salahi denies he and wife were gate-crashers

WASHINGTON – A man who made his way uninvited into a White House state dinner is denying that he and his wife are gate-crashers.
In his first nationally broadcast interview since the incident, Tareq Salahi (TAH'-rehk sah-LAH'-hee) told NBC's "Today" show that the whole experience has been "the most devastating thing that has ever happened" to he and his wife, Michaele.
Salahi said flatly that the couple "did not party-crash the White House." He said the pair is cooperating with the Secret Service and they have "great respect" for President Barack Obama. Salahi told interviewer Matt Lauer he's confident "the truth will come out." about the circumstances surrounding his and his wife's attendance at the state dinner for the visiting prime minister of India.

Obama orders Afghan strategy into force

WASHINGTON (AFP) –
President Barack Obama has given fateful orders likely to send thousands more troops to Afghanistan in a political gamble meant to forge an eventual US exit from a costly and gruelling war.

"The commander in chief has issued the orders," White House spokesman Robert Gibbs said Monday, as Obama briefed world leaders on his new Afghan strategy, a day before making a major televised address to the American people.

The plan emerged from an exhaustive policy review amid extreme weariness of the war among Americans, and as supporters warned Obama could be risking his presidency by deploying thousands more men to a Vietnam-style quagmire.

Obama is expected to order between 30,000 and 35,000 more troops to bolster the US effort to repel a resurgent Taliban, secure major cities and fast-track training for Afghan security forces, alongside a separate civilian aid surge.

The president will also assure Americans and regional leaders he will not underwrite an indefinite and costly stay in Afghanistan for US troops.

"This is not an open-ended commitment," Gibbs said, painting the plan as an eventual pathway for US troops to come home.

"We are there to partner with the Afghans, to train the Afghan national security forces, the army and the police, so that they can provide security for their country and wage a battle against an unpopular insurgency."

The White House said Obama delivered orders marking the most crucial leadership test of his presidency in the Oval Office so far, on Sunday, after telling top aides of his final decision.

He met generals and top security aides in the Oval Office.

He then spoke directly by secure video-link to Afghan war commander General Stanley McChrystal, who warned earlier this year the conflict would be lost without more troops -- and US ambassador to Kabul Karl Eikenberry.

Obama will address Americans in a major televised speech to cadets at the US Military Academy at West Point at 8:00 pm Tuesday (0100 GMT Wednesday).

He will tell a nation weary of years of conflict and humbled by the worst economic crisis in generations, why it must risk yet more lives and wealth in a war launched after the September 11 attacks in 2001.

His message will be compelling listening for voters, lawmakers and soldiers, US allies, leaders in Pakistan and Afghanistan, and Taliban and Al-Qaeda insurgents battling Washington in a bloody eight-year war.

Many of Obama's core political supporters, and key Democrats worried about ballooning budget deficits, are wary of more troop deployments. Republicans have however demanded the president answer the generals' calls for more help.

As he launched a public relations offensive to market the new strategy, Obama called French President Nicolas Sarkozy and Russian President Dmitry Medvedev on Monday.

French newspaper Le Monde said Washington had asked for 1,500 more French troops.

Obama also spoke with by secure video link with Gordon Brown after the British prime minister announced he would increase British regular troop numbers by 500 to 9,500 in December.

Obama will also talk to Pakistani President Asif Ali Zardari and Afghan President Hamid Karzai, who both will be key players in the new strategy.

The US leader told Australian Prime Minsiter Kevin Rudd of his plans in person, during Oval Office talks.

Rudd pledged send more police trainers and civilian aid experts to Afghanistan, saying his country was in "for the long haul" but did not pledge more troops beyond 1,550 Australia has already committed.

Consultations with key players in Congress, where some Democrats have expressed skepticism about new troop deployments, were taking place on Monday and Tuesday.

Some 35,000 American soldiers were fighting the Taliban-led insurgency when Obama took office. After an initial boost in February there are now about 68,000.

More than 900 American soldiers have lost their lives in Afghanistan and October was the deadliest month since the start of the war in 2001 with 74 US soldiers killed.

Obama Sunday spoke to Secretary of State Hillary Clinton by telephone, then met Defense Secretary Robert Gates; Admiral Mike Mullen, chairman of the joint chiefs of staff; General James Cartwright, the vice chairman of the joint chiefs; White House chief of staff Rahm Emanuel and General David Petraeus, head of US central command.