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Energy

CNOOC eyes $29bn Qatar LNG project to aid Xi's CO2 target

Chinese state-owned oil major 'very interested' in joining venture

Cultivating new sources of natural gas has become CNOOC's strategic imperative since President Xi Jinping openly pledged last September that the country will go carbon neutral by 2060.   © Reuters

HONG KONG -- CNOOC, the Hong Kong-listed arm of one of China's three major state-owned oil and gas producers, indicated keen interest Thursday in joining a Qatari liquefied natural gas project that ranks as the world's largest.

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