02 August 2011 08:52 [Source: ICIS news]
GUANGZHOU (ICIS)--China’s National Development and Reform Commission (NDRC) has approved China National Offshore Oil Corp’s (CNOOC) venture in a liquefied natural gas (LNG) development project based in Queensland, Australia, NDRC said on Tuesday.
The permission was granted in May this year, NDRC said in a statement on its website.
On 24 March 2011, CNOOC signed an LNG sales contract with ?xml:namespace>
CNOOC will also become a 10% equity investor in QCLNG Train 1, one of two liquefaction trains that form the first phase of the QCLNG development, according to a CNOOC statement on its website.
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