Shell, Guanghui Sign JV For China LNG Import Facility

Law360, New York (June 13, 2013, 3:57 PM EDT) -- Royal Dutch Shell PLC has signed a letter of intent with China's Guanghui Energy Co. Ltd. to explore the construction of a liquefied natural gas import terminal in eastern China with a potential multibillion dollar project cost, Shell's China division said Thursday.

A brief statement from Shell China said the two energy companies have signed "a non-binding letter of intent" to look into developing an LNG import facility in the Chinese city of Qidong, a port just north of Shanghai on the East China Sea. The...
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