Cnooc goes shopping in Australia

Cnooc will pay $1.93 billion for a supply contract and a stake in one of BG Group’s LNG projects in Australia.

Lara Wozniak

November 02, 2012

China National Offshore Oil Corporation (Cnooc) has agreed to pay $1.93 billion for a supply contract as well as an additional stake in one of British energy producer BG Group’s liquefied natural gas projects in Australia.

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