Australian PM hails natural gas contract

Australia’s prime minister hailed his country’s record liquid natural gas export contract with China as a symbol of blossoming trade between the countries during an inaugural ceremony Wednesday at the Dapeng Gas Terminal in the bustling manufacturing hub of Shenzen in southern China.

The $3.6 billion terminal was built to receive liquefied natural gas shipments from Australia — part of an $18.3 billion, 25-year gas contract finalized in late 2004. The deal is Australia’s single biggest natural resource contract. Deliveries began a month ago.
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