Japan, China companies sign oil, gas deals

China, the world’s largest producer and consumer of coal, aims to cut its reliance on the polluting energy source while shifting more to natural gas by 2010, state press reported on Wednesday.
Japanese and Chinese companies said they signed business agreements in the energy sector on April 12 which may lead to possible joint development of oil and gas projects in the future.

The deals were struck at a Japan-China energy seminar in Tokyo during Chinese Premier Wen Jiabao’s visit.

Nippon Oil Corp and China National Petroleum Corp (CNPC) signed an accord for long-term cooperation, including overseas oil and natural gas resources development.
The Edge Daily