Yep - and to China!Gas boom as China signs $25bn deal
August 9, 2002 — 10.00am(SMH)An Australian-based consortium has won a contract to supply China with liquefied natural gas worth up to $25 billion in what will be the nation's biggest single export deal.
The contract gives Australia a foothold into what promises to become a highly lucrative market.
The gas, from the North-West Shelf off Western Australia, will be worth between $700 million and $1 billion a year for 25 years.
China's offshore oil company will invest in the project, which promises $1.5 billion of capital works and new jobs in remote Western Australia.
The Prime Minister, John Howard, who announced the deal, said the contract to supply China's first liquefied natural gas power station in the rapidly growing Guangdong province would benefit Australia for years.
