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Money News

Shell wins 15-year deal to supply LNG for Chinese company's power plant

FILE PHOTO: The logo of Royal Dutch Shell is seen at a petrol station in Sint-Pieters-Leeuw, Belgium April 4, 2016. REUTERS/Yves Herman/File Photo

HOUSTON (Reuters) - Royal Dutch Shell has won a long-term contract to provide liquefied natural gas (LNG) to a Chinese company’s 441 megawatt LNG-fueled power plant under construction in Colon, Panama, advisors on the deal said this week.

The $900 million power project, being built by Sinolam LNG affiliate Sinolam Smarter Energy LNG Power Co, expects to begin taking deliveries of the super-cooled natural gas in 2020.

Reporting by Gary McWilliams; Editing by Chizu Nomiyama

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