Reuters
10:02 p.m. CDT, May 13, 2012
ADELAIDE (Reuters) – Royal Dutch Shell still plans to build a liquefied natural gas (LNG) plant at the Australian port of Gladstone as part of its Arrow LNG development despite reports of rising costs, Shell Australia chairwoman Ann Pickard said on Monday.
Earlier this month, a source close to Arrow LNG, a joint venture between Shell and PetroChina , said costs may rise as much as 50 percent from initial estimates, which could force the companies to delay development.
“Obviously Shell has its own numbers, Arrow has its numbers, and PetroChina, our 50 percent partner, have their own numbers. From a Shell perspective, the project looks fine to me, but we are pretty conservative on our numbers. I don’t see any blowout or increases,” Pickard told reporters on the sidelines of an oil and gas industry conference in Adelaide.
Pickard also said that the Arrow LNG project intended to sell the initial “ramp up” gas from Arrow to other gas users in the area until the plant was built and ready to receive gas.
Arrow LNG is one of four projects on Australia’s east coast that aim to pump gas from coal seams to export facilities. The estimated investment for all the projects is rising rapidly from the initial price tag of around $70 billion.
The operator of one of the other four projects, BG Group , announced over $5 billion of cost overruns on its Queensland Curtis Island LNG earlier this month, with costs rising to $20.4 billion from $15 billion.
(Reporting by Rebekah Kebede; Editing by Richard Pullin)
Copyright © 2012, Reuters
Photo Credit: A Shell logo is seen at a petrol station (Umit Bektas Reuters, REUTERS / March 7, 2012)
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.
