Shell to supply LNG to Chinese power plant in Panama

Shell to supply LNG to Chinese power plant in Panama
Image courtesy of Shell

The Hague-based LNG giant Shell has reportedly bagged a long-term deal to provide the chilled fuel for a power plant being built by the Chinese Sinolam LNG in Colon, Panama. 

Shell is expected to start deliveries to the 441-megawatt power plant in 2020 and continue over a 15-year period.

Advisors on the agreement told Reuters the LNG-to-power project is worth around $900 million and it could require around 400,000 tons of the chilled fuel annually.

Sinolam LNG, a unit of Shanghai Gorgeous, is also building an LNG import facility that will accommodate a floating storage unit.

Commercial advisor for Sinolam LNG on the deal was the energy consultancy Featherwood capital while the legal advice has been provided by Hogan Lovells.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Jan 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Mar 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Houston / Feb 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >