Shell in 20-year China LNG deal

Anglo-Dutch supermajor Shell has agreed to sell an annual 2 million tonnes of liquefied natural gas to China in a 20-year deal, the company’s China unit said.
The agreement was signed between the oil giant and PetroChina International, a wholly-owned subsidiary of PetroChina, Asia’s top oil and gas producer.
Part of the supplies to PetroChina would be tapped from the proposed Gorgon gas project off Western Australia, said a Reuters report citing Xinhua news agency.
No other details were provided.
Shell has a 25% stake in the multi-billion dollar project as does ExxonMobil.
US energy giant Chevron operates and holds a 50% stake in the project.

(Upstream Online)


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