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Article: Shunning China's Biggest Pipeline Plan.(West-to-East gas pipeline construction)(Brief Article)(Statistical Data Included)
- Article from:
- World Gas Intelligence
- Article date:
- September 12, 2001
CopyrightCOPYRIGHT 2001 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Beijing's scheme to build an $18 billion, 4,000 kilometer pipeline linking a
claimed 112 billion cubic meters of proved reserves in the Tarim Basin in far Northwest China with Shanghai on the East Coast is nothing if not grandiose. In fact, too grandiose for its own financial good, in the view of many Westerners familiar with the project.
This may help explain last week's decision by BP, which is nothing if not anxious to land a major role in China's gas industry, to pull out of bidding for the high-profile "West-to-East pipeline." That decision leaves Exxon Mobil with Hong Kong's CLP Enterprises, Royal Dutch/Shell with Hong Kong & China Gas Co., and ...