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Australia Wins China LNG Contract

Australia’s Northwest Shelf Venture is to be the sole supplier of liquefied natural gas to Guandong province in China.

The announcement was made today by Prime Minister John Howard.

Text of statement released by Prime Minister John Howard.

I am delighted to announce that today I have been advised by the Chinese Premier Zhu Rongji that Australia’s Northwest Shelf Venture has been chosen by China to be the sole supplier of liquefied natural gas (LNG) to its first LNG project in Guangdong province.

The contract will be worth between $20 – $25 billion in export income for Australia. This is Australia’s largest single export deal. [Read more…]