By Selina Williams
LONDON–Inflation and U.S. domestic politics are likely to limit the amount of liquefied natural gas exported from proposed projects in North America to around 60 million to 70 million tons a year over the next decade, Royal Dutch Shell PLC’s (RDSB.LN) Chief Financial Officer Simon Henry said Tuesday.
Currently companies including ExxonMobil Corp. (XOM), ConocoPhilips Co. (COP), BP PLC (BP.LN), Sempra Energy (SRE), Cheniere Energy Inc. (LNG), Shell and Apache Corp. (APA) are seeking to export LNG from the U.S. and Canada in efforts to find more profitable markets amid a continent-wide gas glut, due to the shale gas boom, that has depressed prices.
Companies are hoping to capture value for cheap North American natural gas in energy-hungry markets in Asia where gas sells for several times more than the U.S. price.
Shell estimates that projects to export around 130 million tons of LNG a year from the U.S. and Canada combined are currently on the drawing board. Constructing the export infrastructure alone would cost around $300 billion, with additional costs to develop the gas production to support the projects, Mr. Henry said.
“If you get inflation, which you certainly would if everyone’s building at once, that’s going to be a constraint and the other constraint is going to be in Washington [DC] where at some point the [U.S.] government will decide that exporting cheap American energy and cheap American jobs to our competitors is no longer acceptable,” Mr Henry told reporters on the sidelines of an industry event in London.
To date, only Cheniere Energy has approval to ship 2.2 billion cubic feet a day of LNG from the Sabine Pass export facility in Louisiana to countries not covered by U.S. free-trade agreements.
Write to Selina Williams at [email protected]. -0-
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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.
