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MOSCOW, June 17 (Reuters) - Oil major BP will sign adeal worth around $20 billion later on Tuesday to supply ChinaNational Offshore Oil Corporation (CNOOC) with liquefied naturalgas (LNG), BP Chief Executive Bob Dudley said at a conference inMoscow.
Dudley said the agreement between the two companies would besigned in London, as British Prime Minister David Cameron is dueto announce a series of trade deals to coincide with the arrivalof the Chinese Premier Li Keqiang for a three-day visit.
"It is a 20-year supply agreement on LNG. It is a fair pricefor them and a fair price for us. It is a good bridge betweenthe UK and China in terms of trade," Dudley said.
BP already supplies CNOOC with LNG from Indonesia. (Reporting by Vladimir Soldatkin in Moscow; writing by NinaChestney; editing by Jason Neely)
