Sinopec, one of China’s largest oil companies, has signed a 20-year agreement with Exxon Mobil for liquefied gas supplies from Papua New Guinea, for an undisclosed sum. The move is the latest in a string of energy agreements and follows a major deal signed some weeks ago by competitor PetroChina and Australia. China’s energy needs are expected to grow by 8 percent this year, according to the Chinese government.

Links to other sites: BBC, Chicago Tribune, Xinhua

Posted 4 Dec 2009 at 9:59
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