The U.K.’s PLC will sign a $20 billion long-term contract to supply liquefied natural gas to southeast China, the company’s chief executive said Tuesday.
Speaking to reporters at the World Petroleum Congress, Bob Dudley said the 20-year deal will be signed with Chinese state-owned CNOOC in London in front of British Prime Minister David Cameron and Premier Li Keqiang during the Chinese leader’s three-day visit to Britain this week.
“It is a big deal, a fair price for them, a fair price for us…and a good bridge between the U.K. and China in terms of trade,” he said.
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Alexander Kolyandr, The Wall Street Journal via CHINA US Focus http://ift.tt/1vAvThq
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