Shell has a one-sixth stake in Australia's North West Shelf venture, which is competing against Qatar and BP's Tangguh LNG project in Indonesia to supply China with LNG worth about $US600 million a year.
Director of Asia Pacific/Global LNG at Shell, Peter de Wit, said the company remained "hopeful" about winning a share of the contract to supply the terminal in southern Guangdong province. "The Chinese are very close to coming to a decision," said Mr de Wit.
BP is building the Guangdong terminal, of which it owns 30%. The rest is owned by China National Offshore Oil Corp, parent of China's dominant offshore oil producer CNOOC.