BP has announced a $20 billion deal to supply energy hungry China with liquefied natural gas (LNG) over a 20-year period. It is another step by China away from dirty coal, and a ‘good bridge’ between it and the UK. “It is a fair price for them and a fair price for us. It is a good bridge between the UK and China in terms of trade,” Bob Dudley, CEO of BP, said on Tuesday at the World Petroleum Congress in Moscow, which runs June 15-19. BP already supplies the China National Offshore Oil Corporation (CNOOC) with LNG from Indonesia, and will now ship 1.5 million tonnes of LNG per year to China starting in 2019. Read the full story at: www,rt/ link to original article
Posted on: Sat, 21 Jun 2014 04:14:32 +0000
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