China in $40bn Australia gas deal

Liquefied natural gas sale comes despite strained relations between the countries.

    PetroChina will buy 2.25 million tonnes of liquefied natural gas a year from Gorgon LNG [EPA]

    But Ferguson said that the deal, which follows ExxonMobil's $21bn sale of Gorgon LNG to India's Petronet last week, showed that the relationship between the two countries remained strong.

    'Foreign investment'

    "We are a country built on foreign investment and we continue to welcome investments that develop our resources for the benefit of all Australians," he said in a statement.

    "This agreement is testimony to the strength of Australia's continuing
    trade and investment relationship with China.

    "As China continues to develop as a modern global industrial and commercial
    powerhouse, Australia is committed to walking with it on its remarkable journey."

    News of the deal came as Stephen Smith, the foreign minister, confirmed that China had recently cancelled a trip by a senior minister because Australia allowed Rebiya Kadeer, an ethnic Uighur Muslim who lives in exile in the United States, to visit for a film festival.

    China accuses Kadeer of inciting riots between Uighurs and members of the dominant Han Chinese group in Xinjiang in July that killed at least 197 people. She has denied the accusations.

    In parliament on Tuesday, Smith described the Kadeer situation, as well the bribery and infringement of trade secrecy charges filed against Rio Tinto employees, as "difficulties that we have in our relationship with China" that the country was "managing".

    SOURCE: Agencies


    YOU MIGHT ALSO LIKE

    Zimbabwe military's statement after seizing power

    Zimbabwe military's statement after seizing power

    Major General SB Moyo addresses the nation after Zimbabwe's military seizes state TV, blocks off government offices.

    The Muslims of South Korea

    The Muslims of South Korea

    The number of Muslims in South Korea is estimated to be around 100,000, including foreigners.

    Aamir Khan: The Snake Charmer

    Aamir Khan: The Snake Charmer

    Can Aamir Khan create lasting change in Indian society or is he just another Bollywood star playing the role of a hero?