Guanghui Energy and Shell sign a joint purchase and sale LNG framework agreement

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On August 18, 2015, according to Reuters, Royal Dutch Shell stated that Shell and a Chinese energy company have signed a framework agreement to jointly purchase and sell LNG, which is a rare global energy giant and Cooperation between local private enterprises in China.

Guanghui Energy and Shell sign a joint purchase and sale LNG framework agreement
Guanghui Energy and Shell sign a joint purchase and sale LNG framework agreement

Shell and China Guanghui Energy Co., Ltd. signed a non-binding framework agreement, which is currently constructing a natural gas receiving terminal in Qidong City, Jiangsu Province, with a designed annual processing capacity of approximately 600,000 tons.

In a statement e-mailed by Shell, Shell said: “We have continued to deepen our cooperation with China Guanghui Energy Co., Ltd. and the scope of the current discussion is about a joint venture to purchase, import, and sell LNG through Qidong terminal terminals. enterprise."

Company and industry sources have stated that Guanghui Energy Co., Ltd., an independent pioneer in China's LNG industry, plans to expand the Qidong Terminal's annual LNG processing capacity through the second and third phases of development.

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