China’s state CNOOC is negotiating to buy equity stakes in two large natural gas fields in Indonesia and Australia. The company, China’s largest offshore oil producer, announced this shortly after it awarded supply contracts to two consortia producing natural gas in the two countries. CNOOC and Guangdong LNG terminal partners selected Australian LNG (ALNG) for…
CHINA: CNOOC to buy into Indonesian, Australian gas fields
Posted on August 12, 2002 by EnergyAsia