Shell to boost investment in China downstream gas
BEIJING — Royal Dutch Shell announced Monday that it plans to boost investment in the downstream gas sector in China, MarketWatch reported.
Shell is already heavily involved in upstream gas projects in China, including exploration for shale gas with PetroChina Co. in the Sichuan Basin and providing China with LNG from projects in Qatar and Australia.
However, the company also has been quietly making inroads into China''s downstream gas sector. Shell will buy a stake in an LNG import terminal at Zhoushan, in eastern China''s Zhejiang province.
"I don''t want to just be the largest international oil company involved in LNG supply to China," Lim Haw Kuang, Shell''s executive chairman in China, said. "I''d like to see investment throughout the whole value chain — from upstream to downstream — as far as gas is concerned."