Mon Sep 24, 2007 6:32 AM BST
SYDNEY, Sept 24 (Reuters) – Shell Development Australia, a unit of Royal Dutch Shell (RDSa.L: Quote, Profile , Research), said on Monday it has signed an agreement with Malaysia’s state-owned Petronas (PGAS.KL: Quote, Profile , Research) to sell a stake in an Australian gas field.
Petronas’ subsidiary, Petronas Carigali (Australia) Pty Ltd, will buy a 25 percent stake in the Evans Shoal joint venture in the Timor Sea off northern Australia.
The Evan Shoal gas field, which has estimated recoverable reserves of 6.6 trillion cubic feet (tcf) of gas and 31 million barrels of condensate, is seen as having the potential to underpin a liquefied natural gas (LNG) project.
“We believe that Petronas, a company with strong LNG supply reliability and marketing credentials, will be a valuable participant in the Evans Shoal joint venture,” Chris Gunner, chief operations officer of Shell Australia, said in a statement.
Shell declined to comment on the financial details of the agreement.
Following the sale, Shell and Petronas Carigali will each hold 25 percent stake in the venture. Santos (STO.AX: Quote, Profile , Research), which will remain the operator of the project, will retain a 40 percent interest while Osaka Gas (9532.T: Quote, NEWS , Research) will hold 10 percent.
© Reuters 2007. All Rights Reserved.
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.
