CNOOC (CEO) signs a Heads of Agreement with the U.K.'s BG Group to acquire certain interests in...

|About: CNOOC Limited (CEO)|By:, SA News Editor

CNOOC (CEO) signs a Heads of Agreement with the U.K.'s BG Group to acquire certain interests in the Queensland Curtis LNG, QCLNG, project in Australia for $1.93B. CNOOC will also buy 5M tons of LNG a year from BG for 20 years starting in 2015, and the companies will jointly invest in the building of two LNG ships in China.