GE Wins Natural-Gas Contract in China

[Coventina]

Source: Wall Street Journal

General Electric Co. said it has won a $300 million contract to supply compression equipment for the second phase of a natural-gas pipeline across China.

GE Oil & Gas executives say the West-to-East pipeline is one of the largest ongoing gas pipelines in the world and, when completed in the next six years, will stretch roughly 20,000 kilometers through 13 provinces and bring $600 million in revenue to GE.

The second phase will extend 8,700 kilometers, 2,000 kilometers longer than the Great Wall, and bringing natural gas to 400 million Chinese residents by the end of 2011. The pipeline is being built by PetroChina, the largest oil and gas producer in China, and will use 28 GE turbo compressors.

GE, Fairfield, Conn., also has supplied equipment for other Chinese pipelines, including a Sinopec line that carries natural gas from the Puguang field in Sichuan to Shanghai in China's eastern region.



Read more: http://online.wsj.com/article/SB123795040905234307.html

[Renew Deal]

1. Good news for a change.

:bounce: