LNG player Shell has signed a letter of intent with Guanghui Energy to set up an LNG import terminal in east China.
“ Shell and Guanghui Energy have signed a non-binding Letter of Intent that confirms the intention of the two parties to explore the possibility of developing a LNG import terminal project in Qidong, Jiangsu province ,” Reuters cited Chen Xiaoni, a spokeswoman for Shell Companies China , as saying.
Shell is the largest IOC LNG supplier to China in terms of contract volume following the two sales and purchase agreements with chinese partners in 2008, which will deliver 5 mtpa of LNG per year in the next decade in addition to other supplies of over 1 mtpa per year to Guangdong and Shanghai via the company’s joint venture projects in Australia and Malaysia, according to Shell’s China website.
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LNG World News Staff, June 13, 2013