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CNOOC will also take a 25% stake in certain Bowen and Surat Basin fields, which will supply coal seam gas to the LNG plant.

BG also announced a new gas sale to CNOOC, five million tonnes a year, partly supplied by the Queensland Curtis LNG project, which is being managed by BG's Australian subsidiary QGC as operator and majority owner.

Last night, chief executive Frank Chapman said the project was on schedule and budget.

"In Australia, we continue to make good progress with our Queensland Curtis LNG project, keeping it on track for first LNG in 2014," he said.

The nearby cities of Pomorie – famous for its winemaking and mud healing both of which dating back 2000 years ago, and Nesebar – an architectural & archeological preserve part of UNESCO world cultural heritage list, founded 2600 years ago, are among Bulgaria rich history and culture.

Last modified 31-Mar-2016 12:08