China yesterday signed two multibillion-dollar long-term deals to buy liquefied natural gas from Qatar, marking a milestone in Asia's evolution as the hottest market for the fuel. PetroChina struck a deal to buy 3m tonnes of LNG a year over 25 years from 2011 with Qatar and its partner, Royal Dutch Shell. Analysts said the deal could could be worth as much as $60bn. CNOOC, China's primary LNG importer, also signed a framework supply agreement. Al-though it is yet to be formalised in a binding contract, it is for 2m tonnes a year from 2009.
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Links:
[1] http://admin.indiaenvironmentportal.org.in/news/china-signs-big-qatar-lng-deal
[2] http://admin.indiaenvironmentportal.org.in/category/author/carola-hoyos
[3] http://admin.indiaenvironmentportal.org.in/category/author/richard-mcgregor
[4] http://admin.indiaenvironmentportal.org.in/category/newspaper/financial-times-london
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/natural-gas
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/china
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/south-korea
