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Article: China: China National Offshore Signs LNG Contract With BG.
- Article from:
- TendersInfo
- Article date:
- May 14, 2009
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Byline: prashant03
China National Offshore Oil Corp. agreed to buy liquefied natural gas from BG Group Plc s planned $6 billion Australian project as demand for cleaner fuels rises in the second-largest energy-consuming nation.
China National will buy 3.6 million metric tons annually from the Queensland Curtis LNG project for 20 years, the companies said in statements today. Beijing-based China National will acquire 5 percent of BG s reserves in Queensland s Surat Basin, the U.K. s third-biggest gas producer said.
BG s first accord to sell Queensland LNG may be worth as much as $600 million a year, or $12 billion over two decades, said Gordon ...