Shell sees only 15%-20% of Canada LNG projects advancing
Article by Carl Surran published 25March 2015 bySeekingAlpha.com
Shell sees only 15%-20% of Canada LNG projects advancing
A top executive at Royal Dutch Shell (RDS.A, RDS.B) says he expects only 15%-20% of liquefied natural gas export projects already approved by the Canadian government to go ahead in the next decade.
Markus Hector, Shell’s general manager of global LNG, says the low forecast success rate is partly due to the scale of the infrastructure projects and the competition for people with the skills to build them.
Shell itself is the lead partner in a consortium planning the LNG Canada facility on British Columbia’s northern coast and is not expected to make a final investment decision until at least 2016.
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