on June 21, an oil pipeline west of Baghdad on June 22, and the now-stalled Iraq-Syria pipeline on June 23. (Reuters, AP) June 14: ConocoPhillips announces that the company will proceed with its $1.5 billion liquefied natural gas (LNG) development project at the Bayu-Undan fields after government officials of Australia and East Timor approved the project in the Timor Sea Joint Petroleum Development Area. Natural gas from the field will be piped to an LNG liquefaction plant in Australia's Northern Territory. (WSJ, NYT) June 17: The head of Iraq's North Oil Company, Adil al-Qazzaz, states that Iraq's main north-south crude oil pipeline, the so-called Strategic Pipeline, will not be operable for some time, especially because the K-3 pumping station was badly damaged during the recent war. Al-Qazzaz goes on to state that because the pipeline is not working, "[W]e don't have export flexibility, and that will have an impact." (WSJ) June 22: Iraq exports oil for the first time since March 20, the first day of the war that eventually toppled the regime of Saddam Hussein. The crude oil, , was part of the June 12 tender and will be sold to Turkish refiners from oil in storage at the Turkish port of Ceyhan. Loading of the oil onto a tanker begins today. (WP) July 2: The European Parliament votes to cap European industry's carbon dioxide output and let firms trade the right to pollute. As of January 2005, many plants in the oil refining, smelting, steel, cement, ceramics, glass and paper sectors will need special permits to emit carbon dioxide (CO2). "It means that the largest emissions trading scheme in the world to date will be a reality from 2005, and that the architecture foreseen under the Kyoto Protocol is coming to life," according to European Union Environment Commissioner Margot Wallstrom. (Reuters) July 9: The government of Chad announces that it has begun its first-ever crude oil production, as wells began pumping on July 1. It will still take weeks before crude is shipped from the $3.5 billion project through a pipeline to the Atlantic coast in neighboring Cameroon. The government does not announce the initial flow rate, but eventual production is expected to reach . Oil begins flowing through the pipeline on July 15. (Reuters) July 12: Sakhalin Oil Development Corporation, the Japanese partner in an international consortium in the Sakhalin-1 project, announces that oil drilling offshore has