Bloomberg.com
By Dinakar Sethuraman
March 24 (Bloomberg) — Royal Dutch Shell Plc, Europes largest oil company, may produce liquefied natural gas from an area in Egypt using a floating vessel, a government official said.
Shell may use the untested floating LNG technology in the northeastern part of the Mediterranean sea near Cyprus to produce the cleaner-burning fuel, said Omar El Sisi, an official at state-owned Egyptian Natural Gas Holding Co.
The Egyptian government last year announced it wont sign new gas-export contracts until 2010, citing price volatility and the need to meet domestic demand. Explorers must set aside a third of gas reserves for domestic use and a third for storage before being allowed to export the rest.
We have no comments to make on floating LNG at this point in time, Catherine Aitken, a spokeswoman for Shell, said in an e-mail today.
The Egyptian government agreed last year to pay more for gas supplied by foreign companies to the domestic market to attract investments in deep water areas.
Shell, the worlds biggest non-government LNG producer, is studying the use of floating LNG terminals for projects in Australia, Egypt and Iraq, John Mills, an executive vice president for gas and power in North Africa, Middle East and South Asia, told reporters in November.
Shell will invest $337 million in Egypts West Desert field in 2009-10, the countrys Oil Ministry said in January. The North African nations economic growth will ease to 3.5 percent this year from 7 percent the past two years because of the global recession, Standard Chartered said on Feb. 12.
Egypt produces 700,000 barrels of oil per day, Oil Minister Sameh Fahmy said in a statement on the ministrys Web site. That compares with a record high of 950,000 barrels in 1995.
Floating facilities may take less than half the time to build compared with onshore units and may cost a third of an onshore plant, Citigroup Inc. said in April.
LNG is natural gas chilled to liquid form, reducing it to one-six-hundredth of its original volume, for transportation by ships to destinations not connected by pipeline.
To contact the reporter on this story: Dinakar Sethuraman in Singapore at[email protected].
Last Updated: March 24, 2009 00:08 EDT
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.
