AUSTRALIA: In show of strength, PetroChina lets US$40-billion Browse LNG agreement lapse

摘要

In a show of strength, Petrochina Company Limited has allowed a preliminary agreement to purchase US$40 billion worth of liquefied natural gas (LNG) from Australia to lapse on its December 31 2009 deadline.On September 6 2007, PetroChina signed with Australia's Woodside to import two to three million tonnes a year of LNG from the Browse field.