LNG Deal between PetroChina and Shell

Royal Dutch Shell has agreed to sell LNG to PetroChina from its Gorgon project off the coast of Western Australia. The deal is for one million metric tons of LNG a year over 20 years. It is estimated that Gorgon has 40 trillion cubic feet of gas. Shell's partners in the Gorgon project are Cheveron (50% stake) and ExxonMobil (25% stake). The cost of the project, which is still being developed, is $9 billion and rising. (The Wall Street Journal, 9-5-07)

Center Opens Hong Kong Office

The Center for Environment, Commerce & Energy has opened a Hong Kong office to enhance our work in Southeast Asia. The Hong Kong Office will work closely with our Mainland China Office. There are unique issues in Hong Kong due to its unique history. And although it has reunited with the Mainland, there are many environmentaland energy issues that will have to be addressed. The Center plans to provide its expertise to assist with practical solutions to global warming and the many other environmental issues facing all countries.