SINGAPORE, April 14 (Reuters) - GCL Oil& Natural Gas Co Ltd
has entered a framework agreement with Royal Dutch Shell
to explore setting up a joint venture based in eastern
China to market and trade liquefied natural gas (LNG), the
privately owned Chinese company said on Tuesday.
The proposed JV would secure LNG supplies from Shell and
market the fuel to a receiving terminal which GCL is planning in
Jiangsu province, GCL said in a statement.
A Shell spokeswoman confirmed the agreement.
The companies provided no further details.
(Reporting by Chen Aizhu; editing by Jason Neely)