The deal will see Sinopec take a total of 7.6 million tonnes of liquefied natural gas (LNG) per annum from the APLNG Project in Gladstone in Queensland. Subject to Foreign Investment Review Board approval, Sinopec will also increase its equity stake in the project to 25 per cent with the Australian company Origin Energy and the US energy company ConocoPhillips each having a 37.5 per cent interest.. Minister Ferguson said the agreements represent another important milestone for the APLNG project and further cement Australia's place as a major supplier of energy to the Asia Pacific Region, which will be a global economic powerhouse of the 21st century.. This deal further emphasises Australia's link into the Asia Pacific Region and in particular with China. This relationship has continued to build since Australia first started to export LNG from the North West Shelf Venture Project to China in May 2006, Minister Ferguson said..

The deal will see Sinopec take a total of 7.6 million tonnes of liquefied natural gas (LNG) per annum from the APLNG Project in Gladstone in Queensland. Subject to Foreign Investment Review Board approval, Sinopec will also increase its equity stake in the project to 25 per cent with the Australian company Origin Energy and the US energy company ConocoPhillips each having a 37.5 per cent interest.. Minister Ferguson said the agreements represent another important milestone for the APLNG project and further cement Australia's place as a major supplier of energy to the Asia Pacific Region, which will be a global economic powerhouse of the 21st century.. This deal further emphasises Australia's link into the Asia Pacific Region and in particular with China. This relationship has continued to build since Australia first started to export LNG from the North West Shelf Venture Project to China in May 2006, Minister Ferguson said..

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