By Upstream staff
China appears to be holding back on its plans to buy more liquefied natural gas because of rising prices, Royal Dutch Shell executive Peter de Wit said today.
“Prices for LNG have gone up a lot and I think there is rethinking on the Chinese side to see how much and what time LNG imports are needed,” said de Wit, executive vice president for global business at Shell Gas and Power International.
“They are building terminals and they are planning [new] terminals, but the pace of terminal development has been slower than had been anticipated and had been announced by the Chinese authorities some years ago,” he said.
De Wit, speaking on the sidelines of the 12th Asia Oil and Gas Conference in Kuala Lumpur struck a positive note for the longer term, however.
“I think in time there will be a very strong LNG market. Any supplier is interested in selling into the Chinese market,” he said.
Earlier, De Wit told the conference that LNG demand in Asia is expected to grow by 7% annually in coming years, Dow Jones Newswires reported.
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This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
