REUTERS
Tue Jan 26, 2010 9:37am EST
* Shell Qatar investments at $21 bln, surpasses Exxon
* First output from Pearl GTL plant expected early 2011
* Shell to get free gas from Qatar for Pearl, so costs low
By Simon Webb
DOHA, Jan 26 (Reuters) – Royal Dutch Shell (RDSa.L) $21 billion investment in energy projects in Qatar would make it the largest private investor in the country, surpassing rival ExxonMobil (XOM.N), a senior company executive said on Tuesday.
Shell expected to complete construction by the end of 2010 on the world’s largest energy project, a $19 billion plant to produce superclean fuels from gas, said Gerrit-Jan Smitskamp, the company’s regional vice-president for finance.