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Updated Monday, March 15, 2010 11:01 am TWN, Bloomberg

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China offshore oil to sign long-term LNG contracts

BEIJING -- China National Offshore Oil Corp. will sign at least three long-term liquified natural gas contracts this year, President Fu Chenyu said Sunday at a session of parliamentary meetings being held in Beijing.

Fu, also chairman of Hong Kong-listed CNOOC Ltd., said China National Offshore will win government approval for three more LNG import terminals along China's coast this year.

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