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Australia Signs $50 Billion LNG Deal With China |
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Tuesday, 18 August 2009 12:26 |
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Australia has made its biggest resources deal ever, it signed a$ 50 billion liquefied natural gas contract with Chinese energy giant PetroChina . The LNG comes from the Western Australian offshore Gorgon project, just last week Australia signed a $25 billion LNG contract with India, also from the Gorgon development.
Australia is rapidly becoming a global energy superpower, with huge projects being developed in both Western Australia and Queensland. The gas fields that are now being developed are only the tip of the iceberg with many more to be discovered.
The Gorgon deal is expected to create another 6000 jobs, the Australian Minister for Resources and Energy Martin Ferguson said that the Gorgon project alone would add an estimated $300 billion to Australia's export income over the next 20 years.
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Last Updated on Tuesday, 18 August 2009 13:00 |
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Nikkei Hits Nine Months High |
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Thursday, 30 July 2009 10:16 |
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Nikkei Index: The Nikkei 225 reached its highest point in nine months on thursday, higher than expected profits of car makers Honda and Nissan made the Nikkei 225 rise 0.51% or 51.97 points closing at 10.113.24.
The broader topix index gained 0.7% closing at 936.94. |
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Last Updated on Tuesday, 18 August 2009 13:03 |
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Wednesday, 29 July 2009 08:38 |
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Nikkei Index: The Nikkei stock average gained 0.26 percent on Wednesday trading, the Nikkei 225 won 25.98 points closing at 10.113.24, its highest close since June 12. The broader Topix Index stayed flat at 930.36. |
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Last Updated on Tuesday, 18 August 2009 13:03 |
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BHP Billiton Agrees to Iron Ore Price Cut |
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Wednesday, 29 July 2009 08:11 |
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BHP Billiton, the world's third largest iron ore miner, has agreed to take a 33 to 44 per cent price cut for contracted iron ore shipments, covering 23 per cent of its total sales volumes.
Whether any of its Chinese steel making customers were part of the agreement is still unknown. Chinese mills have been negotiating for a larger price cut, stating that it was a matter of survival for many of them.
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Last Updated on Wednesday, 29 July 2009 08:41 |
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Tuesday, 28 July 2009 08:51 |
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Nikkei Index:The Nikkei 225 lost 0.01% or 1.40 points on tuesday trade, closing at 10.087.26. The Nikkei 225 has gained 11.5% during the last nine days, its longest run since 1988. |
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