AFX Asia (Focus): Hong Kong’s Towngas in JV deal with Shell (China) in Hangzhou
11 May 2005
HONG KONG (AFX) – Hong Kong and China Gas Co Ltd (Towngas) said it has entered into an agreement with Shell (China) Ltd and local operator Hangzhou Gas to build a natural gas facility in Hangzhou.
In a statement, Towngas said it and partners Shell and Hangzhou Gas (Group) will set up a new joint venture which will construct a 117-kilometer pipeline and two natural gas city gate stations in Hangzhou.
The companies will spend a combined 750 mln yuan for the project, the statement said.
It said Hangzhou Gas will take a 51 pct stake in the new company, while Shell and affiliate Shell China BV will hold a 39 pct stake. Towngas will own the remaining 10 pct.
The company said the project is expected to be completed in 2008 and operate at its full capacity of 600 mln cubic meters of gas per year in 2010.
(1 usd = 7.8 hkd)
lw/net
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Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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