CNOOC takes bigger slice of QCLNG

摘要

Damon Evans, SINGAPORE: China National Offshore Oil Corporation (CNOOC) is set to increase its stake in BG Group's Queensland Curtis liquefied natural gas (LNG) project, in Australia, in a deal worth $1.93 billion. CNOOC will raise its interest in the first liquefaction train of the initial two-train development from 10% to 50%. The Chinese national oil company (NOC) will also boost its equity in some of BG's coal-bed methane (CBM) reserves in the Surat and Bowen basins that will provide feedstock for the plant feed from 5% to 25%.