China eyeing more LNG contracts in Australian gas fields

Chinese oil giants are in talks with Australian partners to import more Liquefied Natural Gas (LNG) and equity options in major Australian gas fields, the Chinese media today said.

If the talks are fruitful, Chinese oil companies, including China National Offshore Oil Corp (CNOOC) and SINOPEC, may also buy equity in some of Australia’s largest gas projects, such as Gorgon, Browse and Sunrise, media quoted senior officials as saying.