18th Aug 2015 05:34
LONDON (Alliance News) - Royal Dutch Shell PLC has entered into a framework agreement with China's Guanghui Energy Co Ltd to jointly buy and distributed liquefied natural gas, a rare cooperation deal between the FTSE 100-listed major and a local private company in China, Reuters reports.
Shell has signed a non-binding framework deal with Guanghui, which is building a gas-receiving terminal in the Qidong of Jiangsu province. The terminal is designed to handle an annual capacity of around 600,000 tonnes in its first phase.
http://uk.reuters.com/article/2015/08/18/uk-shell-china-lng-idUKKCN0QN08M20150818
By Sam Unsted; [email protected]; @SamUAtAlliance
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