BP says to sign $20bn gas supply contract with China

MOSCOW: British energy giant BP will sign a long-term deal with Chinese state-owned peer CNOOC in London on Tuesday to supply China with liquefied natural gas, BP chief executive Bob Dudley said.

The deal, worth around $20 billion (14.75 billion euros) over 20 years, will be signed in front of Prime Minister David Cameron and Premier Li Keqiang during the Chinese leader's three-day visit to Britain, Dudley said on the sidelines of an oil conference in Moscow.