MELBOURNE/SYDNEY (Reuters) – Australia’s Woodside Petroleum shelved talks to sell stakes in a gas field and liquefied natural gas (LNG) project to Chinese firms because of the diplomatic row between Australia and China, the company’s chief executive said on Thursday.
Chief Executive Peter Coleman said the talks were stopped a few months ago but he hoped to revive them when the diplomatic spat subsides.
Diplomatic relations with China, Australia’s biggest trading partner, have soured after Canberra called for an international inquiry into the source of the coronavirus.
“They advised us a couple of months ago that they were just not able to proceed at this point due to the relations between China and Australia,” Coleman told Reuters in an interview.
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