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

    Lost childhoods: Nigeria's fear of 'witchcraft' ruins young lives

    Lost childhoods: Nigeria's fear of 'witchcraft' ruins young lives

    Many Pentecostal churches in the Niger Delta offer to deliver people from witchcraft and possession - albeit for a fee.

    The priceless racism of the Duke of Edinburgh

    The priceless racism of the Duke of Edinburgh

    Prince Philip has done the world an extraordinary service by exposing the racist hypocrisy of "Western civilisation".

    Why a hipster, vegan, green tech economy is not sustainable

    Why a hipster, vegan, green tech economy is not sustainable

    Improving eco-efficiency within a capitalist growth-oriented system will not save the environment.