News Snapshot:
Some of China’s biggest oil and gas companies are major investors in LNG operations in Queensland, including CNOOC, which has a stake in Shell’s QCLNG project in Gladstone, while Sinopec owns 25 per cent of Origin Energy’s Australia Pacific LNG. PetroChina partners Shell in the Arrow Energy venture that is developing fields in the Surat Basin in southern Queensland for domestic and export gas projects. Reassurances to Asian customers China vies with Japan as Australia’s biggest buyer of LNG, with LNG trade defying the breakdown in bilateral ties between Canberra and Beijing that smashed business in coal, barley and other...
