August 2, 2016 / 10:07 PM / a year ago

BRIEF-Husky Energy, CNOOC announce agreement for Liwan gas project

Aug 2 (Reuters) - Husky Energy Inc

* Husky energy and cnooc limited announce agreement for liwan gas project

* “long term fundamentals remain strong for natural gas demand in china”

* Plans will get underway to finalize commercial and development approach to tie liuhua 29-1 field into liwan infrastructure

* Liquids production, net to husky, is expected to remain in range of 5,000-6,000 barrels per day for project

* Co’s china unit signed agreement with cnooc, relevant cos for price adjustment of natural gas from liwan 3-1 and liuhua 34-2 fields

* Agreement for price adjustment of natural gas from liwan 3-1, liuhua 34-2 that will see price set at $12.50-15.00 cdn per thousand cubic feet Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)

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