USEUROPEAFRICAASIA 中文双语Français
Home / Top News

$40b Australia LNG deal lapses

By Wan Zhihong | China Daily | Updated: 2010-01-06 07:45

No major impact on market, but nation 'needs to diversify imports'

Energy giant PetroChina Co Ltd has pulled out of a $40 billion deal to buy natural gas from a project off Australia, but Chinese analysts and officials yesterday tried to play down the impact on the Chinese market or bilateral relations.

Australia's second largest oil and gas producer Woodside Petroleum Ltd informed Australia's stock exchange on Monday that an early stage agreement for the Browse Basin liquefied natural gas (LNG) project off Western Australia state had not been settled by a Dec 31 deadline and had now lapsed.

$40b Australia LNG deal lapses

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US