GCL, Shell plan China LNG trading JV

By Mirza Duran GCL Oil & Natural Gas has entered into a framework deal with the Hague-based energy giant Shell to market and trade liquefied natural gas in eastern China.

Under the deal, the privately-owned Chinese company and Shell will look into setting up a joint venture in eastern China.

The proposed venture would secure LNG from Shell and market the fuel to an import terminal which GCL is planning in Jiangsu province, Reuters reported on Tuesday citing a GCL statement.

GCL is planning three import terminals along China’s east coast – Yantai in Shandong province, Rudong in Jiangsu and Maoming in Guangdong – with a

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