PERTH May 6 BG Group said on Monday it
has signed a binding $1.93 billion agreement with Chinese oil
firm CNOOC to supply liquefied natural gas (LNG) and
for an equity stake in BG's Queensland Curtis LNG project in
"BG Group now has total committed volumes to China of 8.6
mtpa (million tonnes per annum) which will make the group the
largest supplier of LNG to the world's fastest growing energy
market," the company said in a statement.
The two companies had struck a preliminary deal on the LNG
supply and equity stake last year. The agreement was to have
been finalised in the first half of 2013.