Australia LNG sees CNOOC gas deal as positive step

Australia LNG said the 25-year contract won by its North West Shelf (NWS) Venture from China National Offshore Oil Corp to supply 3 million tonnes a year of LNG to a terminal being built in Guangdong could be the first step in a wider energy alliance between the two countries.

Australia LNG president Arthur Dixon described the 25-year contract announced Thursday as a "cornerstone of collaboration" between the two countries.