According to the morning news, Chinese offshore oil company announced Wednesday, under the name of the subsidiary company has signed a $1600000000 contract, for a liquefied natural gas (LNG) in the Siberia project construction equipment.

According to a statement, CNOOC website according to the agreement, the core module of CNOOC's offshore oil engineering company will build natural gas liquefaction program for this in the Russian Arctic Guinea's project "".

Russia's second largest natural gas supplier Nova Taco is with the French Total and Chinese largest energy company Chinese petroleum natural gas group company joint development of the $27000000000 in the Yamal liquefied natural gas project. The first production unit project is expected to have a production capacity of 5500000 tonnes per year, which will begin production in 2017.

In 2014 May, CNPC and Russia's Gazprom signed agreement, will be a year from the Yamal project purchasing 3000000 tons of liquefied natural gas.

When the oil is still in May and Russia's Gazprom signed a total value of more than $400000000000, the gas supply agreement of 38000000000 cubic meters per year.