Lloyds List: Shell turns eye of the tiger on hunt for big cats
“Shell’s involvement in the controversial Sakhalin II project that has seen a doubling in costs to $20bn for all operations to 2014 is a key part of its strategy to boost LNG output levels. Delays to pipelines and offshore platforms, plus calls for more environmental sensitivities has meant LNG deliveries from the project are delayed by at least six months to 2008.”
Tuesday August 16, 2005
Global growth in demand for liquefied natural gas is driving the market leader Royal Dutch Shell to double its production capacity by the end of the decade, while it refocuses its exploration efforts to find the big cats, writes Martyn Wingrove
AFTER completing the unification of the two board of directors and the full merger into Royal Dutch Shell, chief executive Jeroen van der Veer wants is putting the focus back on growth through capital projects and building gas infrastructure.