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Total bags CNOOC gas deal

Total bags CNOOC gas deal

Paris: French oil and gas group Total  has signed a deal to sell up to one million tonnes of liquefied natural gas (LNG) per year from 2010 to China National Offshore Oil Corporation (CNOOC), the group said earlier this week.
"Under the terms of this agreement, up to one million tonnes of LNG will be delivered annually to the chinese oil group starting in 2010," Total said in a statement. "The gas will be sourced from Total's global LNG portfolio," it added.
The deal is part of a wider MOU signed between the two companies to boost cooperation in upstream and downstream areas and new energies, Total said.
CNOOC has a 45 percent stake in the Akpo oil project in Nigeria, operated by Total. [19/6/08]

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