ASIA

Cameron witnesses BP's $13B LNG China play

UK SUPER-MAJOR BP has made a massive foray into China and alleviating somewhat its $A29 billion-plus bill for Deepwater Horizon, signing a sale and purchase agreement with China Huadian Corporation to sell it up to 1 million tonnes of LNG a year worth up to $US10 billion ($A13.87 billion) over the next 20 years.

Cameron witnesses BP's $13B LNG China play

Huadian is one of the five largest state-owned power generation companies in China and the country's largest gas-fired power generator. The agreement was one of several signed in London during this week's...

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