China will not pressure Iran, when push comes to shove.
http://www.earthtimes.org/articles/show/20449.html
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BEIJING, Jan. 15 China is in talks and close to an agreement to invest $3.6 billion in a major Iranian natural gas field, which would see liquified natural gas for China.
Gulfoilandgas.com reports the China National Petroleum Corp. is negotiating with Statoil of Norway on investing in a South Pars natural gas field.
The SP14 project has 370 billion cubic meters of reserves.
The tentative agreement would have CNPC build a $1.8 billion LNG plant and $1.8 billion dedicated to exploring and producing gas.
If approved, China would get a dedicated 4.5 million tons of LNG a year from the plant.This comes as U.S. officials condemned Chinese investment of $16 billion into the North Pars gas fields and facilities.
A spokesman for the Chinese Foreign Ministry said the United States shouldn't get involved in trade negotiation with Iran.
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