However, it still walks behind its rival China National Offshore Oil Corp. (CNOOC) in the country's LNG business.
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Petrochina To Build LNG Terminal
The deal marked PetroChina's first formal agreement on an LNG project
One of the largest China?s oil and gas producers PetroChina Co. had agreed to build a LNG terminal in Southwest China with total investment of 5.92 billion yuan (US$715 million).
The deal marked PetroChina's first formal agreement on an LNG project. It had previously signed preliminary agreements for LNG terminals in Liaoning and Jiangsu provinces, the company said.
However, it still walks behind its rival China National Offshore Oil Corp. (CNOOC) in the country's LNG business.
However, it still walks behind its rival China National Offshore Oil Corp. (CNOOC) in the country's LNG business.
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