PetroChina and Shell sign long-term Gorgon LNG supply contract

The SPA was signed by Wang Lihua, President of PetroChina International, and Kathleen Eisbrenner, Executive Vice President of Shell Global LNG. Present at the signing were Liao Yongyuan, Vice President of China National Petroleum Corporation (CNPC) and Lim Haw Kuang, Executive Chairman of Shell Companies in China.

Lim Haw Kuang said: "This is a significant step forward in the cooperation between Shell and PetroChina and highlights Shell's continued contribution to assist PetroChina in providing clean energy supplies to China."

Kathleen Eisbrenner said: "I am delighted Shell has signed this strategic contract with PetroChina, which is another milestone in our growth of LNG supplies into China, and shows Shell's continuing commitment to Chinese LNG customers."

Notes to Editors:

In April 2008 Qatargas, Shell and PetroChina announced a 25 year binding sales and purchase agreements for supply of 3mtpa LNG from the Qatargas 4 project in Qatar to PetroChina.

Shell is a 25 per cent participant in Gorgon LNG project, currently under development in Western Australia. Shell is also a participant in the Australian North West Shelf project which supplies 3.3mtpa LNG to China's Guangdong LNG terminal, and which delivered the first ever cargo of LNG to China in May 2006.

All Shell's core businesses in Exploration and Production, Gas and Power and in the Downstream are represented in China. Shell in China has over 30 wholly owned or joint venture companies employing some 8,000 direct and joint venture staff.

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