PetroChina purchases Molopo’s Australian CSG assets

摘要

Sydney—Chinese oil and gas giant PetroChina has taken another step into the Australian coalseam gas sector, agreeing August 1 to acquire Molopo Energy’s assets in Queensland’s Bowen Basin for A$43.4 million ($37.14 million). PetroChina is already a 50% partner alongside Shell in Queensland-based Arrow Energy, which is planning to develop an 8 million mt/ year LNG project on Curtis Island in the port city of Gladstone. A final investment decision on Arrow’s project is expected in late 2013.