The Australia Pacific project will extract natural gas from coal seams in the northeastern part of the country.
China's Sinopec has agreed to purchase a portion of the gas for 20 years. Japan's Kansai Electric has also agreed to purchase some of the gas.
Oil production in Iraq surpassed 3 million barrels a day in July, putting it ahead of longtime rival Iran.
|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||4.01%||4.04%|
|15 yr fixed||3.11%||3.18%|
|30 yr refi||4.00%||4.03%|
|15 yr refi||3.11%||3.16%|
Today's featured rates:
|Chrysler relents, agrees to recall 2.7 million Jeeps|
|Google files First Amendment court case against NSA surveillance secrecy|
|China's fastest-growing cities for millionaires|
|Immigration bill could cut deficits by $175 billion - CBO|
|Why Apple's new MacBook Air is the ultimate road warrior's notebook|