Tuesday September 15,2009
By David Craik
OIL giant Royal Dutch Shell hailed a great milestone yesterday as it gave the green light to the construction of the worlds biggest liquid natural gas project.
Shell, along with partners Chevron and ExxonMobil, said the much-delayed Gorgon LNG project off the coast of Western Australia would be built at a lower than expected cost of $37billion (£22.2billion) as the recent downturn in the industry bit into capital costs.
Chevron will hold a 50 per cent stake in the project, which will begin production in 2014 with an annual capacity of about 15million tonnes per year or eight per cent of the worlds LNG production.
Shell, led by chief executive Peter Voser, and ExxonMobil will each hold 25 per cent stakes.
A Shell spokesperson said the facility would have a long life and be an important cash stream for years to come. Shells shares dipped 2p to 1689p.
This is a great milestone for Shell, said Jon Chadwick, Shells executive vice president for Australia. Gorgon will provide important supplies of energy to the fast-growing economies of the Asia-Pacific region.
Sales contracts for more than half of Gorgons annual output have already been agreed with Chinese, Japanese, Indian and South Korean customers.
This includes a long-term supply contract between Shell and PetroChina signed in November 2008 for two million tonnes of LNG per year.
Shell and Chevron said they would secure more sales in the coming months.
Were confident of demand. Shells access to LNG import terminals around the world will give us further options for Gorgon gas, said Chadwick.
A Shell spokesperson added: The Asia-Pacific region is expected to be the worlds largest oil and gas consumer by 2030.
The Gorgon gas field was discovered more than 30 years ago but production has been delayed, in part by environmental concerns.
As part of the go-ahead the Australian government has imposed stringent environmental conditions to protect more than 20 endangered animals in the area including the spectacled hare-wallaby.
Yesterdays announcement was more good news for the industry following two major oil discoveries this month by BG Group off Brazil and BP in the Gulf of Mexico.
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.
