Subscribe to RSS feed$50bn China deal puts energy into Gorgon
by
Sam Collyer
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last modified
Aug 27, 2009 04:59 PM
CHINA has given Western Australia’s Gorgon liquefied natural gas project its biggest boost yet, with last week’s signing of a $50bn agreement to buy 2.3m tonnes of the product each year for the next 20 years.
The deal between PetroChina and ExxonMobil will result in about 60% of the Gorgon LNG project’s product being exported to China and is seen as the biggest boost yet to the project’s viability.
ExxonMobil and its partners Chevron and Shell...
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