Shell is to lease LNG receiving terminals operated by Chinese state energy infrastructure company, PipeChina under a medium and long term basis.
The UK energy giant claimed to be the first international oil and gas major to sign such an agreement with PipeChina, it said on its Chinese subsidiary’s official WeChat outlet.
No other details were provided.
In early 2021, Shell became one of the first global gas players to qualify to use PipeChina's terminal facilities, the company added.
Established in late 2019, PipeChina operates seven LNG terminals along China's eastern and southern coasts with a total annual capacity of nearly 28 mill tonnes.
