DARWIN, Australia (AFX-ASIA) Ð Australia’s Northern Territory has given official authorisation for Phillips Petroleum Co to build a A$1.5 billion liquefied natural gas (LNG) plant in Darwin Harbor to supply the Japanese market, officials said. (US$1=A$1.8). But the deal depends on ratification by Australia and East Timor of the Timor Sea treaty regulating exploitation of…

DARWIN, Australia (AFX-ASIA) Ð Australia’s Northern Territory has given official authorisation for Phillips Petroleum Co to build a A$1.5 billion liquefied natural gas (LNG) plant in Darwin Harbor to supply the Japanese market, officials said. (US$1=A$1.8). But the deal depends on ratification by Australia and East Timor of the Timor Sea treaty regulating exploitation of…