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Shell close to easing out Petronas to clinch Hong Kong's LNG import deal


Shell close to easing out Petronas and others from Hong Kong LNG deal.

Shell close to easing out Petronas and others from Hong Kong LNG deal.

SINGAPORE: Royal Dutch Shell is close to bagging a deal to supply Hong Kong with liquefied natural gas (LNG), beating out major competitors for the right to be the first company to supply LNG to the city.

Shell has edged out companies such as Malaysia's Petronas to supply LNG through a long-term contract to Hong Kong utility CLP Power , two sources familiar with the matter told Reuters.

Oil & Gas , Corporate News

   

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