China-based GCL Oil & Natural Gas Co Ltd and Shell are looking to set up a joint venture (JV) in eastern China to market and trade liquefied natural gas (LNG).
Details were not disclosed, but media reports said the JV would secure LNG supplies from Shell and market the fuel to a planned 6.5-mtpa terminal in Jiangsu province.
The planned JV with Shell is separate from two other LNG terminals GCL is planning to build: a 5-mtpa Yantai project planned to start up in 2023, and a 3-mtpa facility in Maoming.