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Shell agrees to sell natural gas to Petro皇冠体育app

(Xinhua)
Updated: 2008-11-24 23:35

BEIJING - Royal Dutch Shell PLC, Europe's biggest oil company, had agreed to sell an annual two million tonnes of liquefied natural gas to 皇冠体育app in a 20-year agreement, Shell (皇冠体育app) Limited said on Monday.

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The agreement was signed between the European oil giant and Petro皇冠体育app International Co., a wholly-owned subsidiary of Petro皇冠体育app Company Limited (Petro皇冠体育app), 皇冠体育app's largest oil and gas producer.

The Chinese company has not verified the news yet.

Part of the national gas supplies to Petro皇冠体育app would be tapped from the Gorgon gas project in Australia, the European company said. Shell has a 25 percent stake in the Gorgon project that is still in initial stages of development.