Great article in today's AFR page 17.Some highlights..."the push...

Great article in today's AFR page 17.

Some highlights...

"the push for green energy will produce more deals of the Arrow & BG type"

"petro-china has been charged by Beijing to spearhead a push to embrace cleaner energies like gas"

"the rush (for australian gas)is being driven by growth in demand and policy"

"China's total energy use doubled between 1990 & 2006"

"current gas use was 81 billion cubic meteres in 2008 but will grow to 135 million by 220"

"government lifting share of gas in energy mix usage from 3% to 15% by 2020"

"petrochina and other state entities have big expansion oplans and hunting the world for oil and gas assets to fuel power stations"

"such is the demand for gas in china that for every project one oil company decides to pass up often another state entity enters to fill the void"

head of regional energy research at Korean asset manager Mirae Aset securities expects focus on gas acquisitions and deals to continue in Australia