BP will sign a deal worth around £11.8 billion ($20 billion) with China to supply its National Offshore Oil Corporation (CNOOC) with liquefied natural gas, Chief Executive Bob Dudley said.
"It is a 20-year supply agreement on LNG. It is a fair price for them and a fair price for us. It is a good bridge between the UK and China in terms of trade," Mr Dudley said.
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