PetroChina/Shell

PetroChina to buy stake in Shell LNG project

PetroChina plans to buy a 20% stake in a Shell liquid natural gas property in Canada for more than $1 billion.
<div style="text-align:right; font-size:7pt; color:rgb(119, 119, 119);"> Photo: AFP </div>
<div style="text-align:right; font-size:7pt; color:rgb(119, 119, 119);"> Photo: AFP </div>
February 01, 2012

Word on the street is that PetroChina, China’s biggest oil-and-gas producer and distributor, plans to pay slightly more than $1 billion for a 20% stake in a Shell shale gas property in Canada.

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