With Australia set to become the world's largest supplier of liquefied natural gas by the end of the decade, PetroChina (PTR) says it is looking to make more deals there, adding to ~$3.7B in acquisitions as part of its drive to feed surging Chinese demand. "This is all about a longer-term game," an analyst says. "It’s the resources that are important to them, not the production right now."
With Australia set to become the world's largest supplier of liquefied natural gas by the end of...
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