October 12, 2008

Chinese companies focus on WA gas fields

It is reported that Chinese steel companies who have already bought into Western Australia's iron ore projects are now looking to negotiate gas supply contracts, to ensure they have sufficient energy reserves to power those developments.

The Chinese companies are looking at the state's untapped gas fields as a source of energy.

Mr Ian Christie oil and gas analyst says the Chinese interest makes sense. He said "It is no surprise at all that the Chinese are looking to put their foot on WA's gas reserves, after all, they're scouring the globe for practically anything."