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Chinese suitor to AWE looking to ship LNG from Australia's west to east

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Reuters are reporting that China Energy Reserve and Chemicals Group (CERCG) on 11 December said it is investigating whether to ship LNG from Western Australia to the gas-hungry east coast market.

The Chinese integrated energy firm, which runs oil and gas projects, processing plants and gas distribution, said that subsidiary CERCG Australia is studying the viability of transporting LNG by road, rail and ship.

CERCG Australia’s business manager Kevin Gao said the company would use LNG container tanks which can maintain liquefaction for 110 days.

The Chinese government’s integrated energy firm launched a AUS$463 million (US$348 million) bid for Australian oil and gas producer AWE Ltd earlier in December, going directly to shareholders after the gas and oil producer rebuffed a slightly lower friendly approach.

AWE is evaluating the offer of AUS$0.73 a share, and has told shareholders to take no action.

The Chinese firm has previously said it is attracted to AWE for its 50% stake in the Waitsia gas field in Western Australia.

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