Thursday, September 3, 2009

Chevron believed to be talking to China about Gorgon gas

Chevron is believed to be in talks with China Petroleum & Chemical Corp and China National Offshore Oil Corp to sell some of its uncommitted 3 million tons of gas in the Gorgon Gas Project.
The uncommitted gas is believed to be valued at over $65 billion over 20 years.

The talks come after Exxon signed a $50 billion deal with PetroChina Co. to provide gas from the Gorgon Gas Project.

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