Market intelligence, trend analysis and forecasts for the Oil and Gas industries across the regions

Companies / China

CNC Shuns Australia in Favour of Indonesia

March 2006 | Company News Alert

With a dismissive 'The Gorgon thing is over,' Chinese oil behemoth CNC announced that it no longer plans to buy natural gas from Australia's Gorgon gas project and will instead look to neighbouring Indonesia as an alternative source. If the deal goes through, it would represent a departure from a regional trend that has seen more and more gas importers looking to Australia over Indonesia as a leading liquefied natural gas (LNG) exporter, as the latter cuts gas exports in favour of supplying the domestic market. Indonesia, currently developing the BP-operated Tangguh project, will be relieved to see interest from

Sorry, you must be a subscriber to view this article in full. If you are a subscriber please login.

[
: *
[
: *

Forgotten your password?

If you would like to subscribe to Asia Pacific Oil and Gas Insight and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to Asia Pacific Oil and Gas Insight please click on the trial link below.

Related Insight Articles
Chevron To Develop Luojiazhai Field

Companies / China US oil major Chevron has been chosen by China's state-owned PetroChina to help develop the Luojiazhai sour gas field, located in China's south-western province of Sichuan. Sichuan is China's largest...
August 2007
Sinopec's Pipeline Plans Approved

Companies / China Local Chinese media has reported that the country's top economic planner has approved China Petroleum and Chemical Corporation's (Sinopec) plans to build a pipeline from Sichuan to southern China.
August 2007
China's LNG Imports Set To Rise

Companies / China According to a report in Bloomberg, China may virtually triple its liquefied natural gas (LNG) imports from Australia this year in order to meet power demand. The news supports BMI's view of LNG growth...
August 2007
New Steps To Curtail Oil Import Growth

Companies / China The Chinese government has announced the introduction of a new tax to apply to future contracts signed by foreign companies operating in the upstream oil sector. Together with requests by domestic refiners...
July 2007
Total's China Upstream Profile Gets Big Boost with Gas Deal

Companies / China French oil major Total and PetroChina just inked a production sharing contract (PSC) for the exploration and production of natural gas in the significant Sulige field in north-west China. The deal gives...
March 2006


All material on this site is protected by international copyright laws and use of this site is subject to our Terms & Conditions.
© 2009 Business Monitor International Ltd
Site powered by WORKSsitebuilder CMS