Skip to main content

GCL and Shell explore development of JV

Published by
LNG Industry,

According to Reuters, GCL Oil & Natural Gas Co. Ltd and Shell have signed a framework agreement to explore the development of a joint venture (JV) based in eastern China to market and trade LNG.

Reportedly, the proposed JV would secure LNG supplies from Shell, and then market this LNG to a receiving terminal planned by GCL in Jiangsu province.

According to Reuters, GCL is currently planning three receiving terminals along the east coast of China: Yantai in Shandong province; Rudong in Jiangsu; and Maoming in Guangdong. In total, these three terminals will have an annual handling capacity of 14.5 million t.

Read the article online at:

You might also like


[WEBINAR] Why Risk-Adjusted Project Forecasting Is Becoming the New Norm

This webinar will walk the audience through a methodology for developing risk-adjusted plans, leveraging remote collaboration techniques for disparate and socially distanced teams. This next-generation risk management approach is already proving itself on numerous oil and gas CAPEX projects. Find out why InEight expects the trend of risk-adjusted scheduling adoption to continue. Register for free today »


Embed article link: (copy the HTML code below):


This article has been tagged under the following:

Shell LNG news China LNG news


LNG Industry is not responsible for the content of external internet sites.