Qatar Petroleum and Shell subsidiaries signed a Shareholder Agreement today to establish a company that would provide global LNG bunkering services.
The agreement signed by Qatar Petroleum’s “Wave LNG Solutions” and “Shell Gas & Power Developments B.V.” paves the way for the establishment of a joint venture company owned equally by both parties, subject to customary regulatory approvals.
The new company’s principal business activities will include the procurement of LNG, setting up LNG bunkering...