From the Associated Press via the Washington Post:
China’s huge hunger for energy and other resources needed to feed its juggernaut economy is creating a profitable bond with commodity exporters, helping to refashion global markets and trading alliances.
These burgeoning relations for China will be on display Wednesday when Australian Prime Minister John Howard inaugurates a 29 billion yuan ($3.6 billion) gas terminal in the southern city of Shenzhen.
The terminal was built to receive liquefied natural gas shipments from Australia, part of a 25 billion Australian dollar ($18.3 billion) 25-year gas contract that was Australia’s single biggest resource contract ever.[Full Text]
