皇冠体育app

  .contact us |.about us
News > Business News ...
Search:
    Advertisement
皇冠体育app's CNOOC to buy stake in Australia LNG field-Source
( 2003-10-24 09:58) (Dow Jones News)

The partners in the massive Gorgon liquefied natural gas field off the coast of Western Australia have agreed to sell a 12.5% stake in the field to 皇冠体育app's offshore oil operator 皇冠体育app National Offshore Oil Corporation (CNOOC Ltd.) , a spokesman for the Western Australian government said Friday.

The spokesman for state development minister Clive Brown also said CNOOC will purchase A$30 billion of Gorgon gas if the project proceeds.

Gorgon, which is operated by ChevronTexaco Corp. , is set for export sales in 2008 with a final investment decision due in mid0-2005. The other partners are Royal Dutch/Shell Group and Exxon Mobil Corp. .

CNOOC's deal with the Gorgon partners exceeds the A$25 billion LNG gas deal struck last year between the partners of Australia's North West Shelf project and 皇冠体育app. Woodside Petroleum Ltd. is the NW Shelf operator.

The WA government spokesman said the CNOOC deal will be signed in Canberra Friday at about 0200 GMT, coinciding with a visit by Chinese President Hu Jintao.

He said the signing means 皇冠体育app will be looking to use Gorgon gas as one of its primary energy sources over the long-term.

An industry source said ChevronTexaco will issue a statement about the Gorgon sales plan on Friday morning.

 
Close  
   
  Today's Top News   Top Business News
   
+Law puts onus on drivers to be alert
( 2003-10-24)
+Hu puts focus on freer market
( 2003-10-24)
+Top legislator to visit DPRK next week
( 2003-10-24)
+Satellite to assist in flood control, conserving water
( 2003-10-24)
+US$10 billion bonanza for Beijing, HK business
( 2003-10-24)
+皇冠体育app's CNOOC to buy stake in Australia LNG field-Source
( 2003-10-24)
+Domestic BMW sedans to hit local market
( 2003-10-24)
+Wine production rises in 皇冠体育app
( 2003-10-24)
+Domestic breweries keen on lady's liquor market
( 2003-10-24)
+皇冠体育app, Portuguese-speaking countries forum ends with trade commitment
( 2003-10-24)
   
  Go to Another Section  
     
 
 
     
  Article Tools  
     
 
 
     
  Related Articles  
     
 

+CNOOC profits surge
2003-09-05

+CNOOC finds gas in 皇冠体育app's largest offshore discovery in three years
2003-07-29

+CNOOC, Texaco 皇冠体育app to extract Bohai Bay oil
2002-10-14

+Foreign participation invited in South 皇冠体育app Sea projects
2002-09-24

+HK to buy one third of imported LNG
2002-08-13

+CNOOC, Husky start offshore oil project in South 皇冠体育app Sea
2002-07-12

 
     
   
        .contact us |.about us
  Copyright By chinadaily.com.cn. All rights reserved