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Posts on ‘November 21st, 2015’

China wants LNG supply concessions in return for BG merger approval, sources say

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Beijing holding a “wonderful piece of leverage”

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by Veselin ValchevFriday, 20 Nov 2015

Royal Dutch Shell Plc (LON:RDSA) might have to shell out in order to get regulatory approval from Chinese authorities for its proposed takeover of fellow UK energy giant BG Group.

According to unnamed sources cited by Reuters, the Chinese ministry of commerce has requested that Shell review liquefied natural gas (LNG) prices in long-term supply contracts with the nation’s top energy companies – CNPC, CNOOC and Sinopec.

“It’s a reasonable request given the premiums Chinese and other Asian buyers are paying for long-term LNG versus those for Europe and America. The market is oversupplied, and this situation may well last through the next five to 10 years,” said a gas official with one Chinese state energy firm. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

State regulators fine Shell Oil for toxic release in Anacortes

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Screen Shot 2015-11-21 at 00.19.03Inspectors found that Shell had skipped critical decontamination steps while shutting down the main flare. The uncontrolled release exposed workers to toxic substances.

BY ASSOCIATED PRESS: NOVEMBER 20, 2015

TUMWATER, Wash. (AP) — Washington state regulators have fined Shell Oil Products $77,000 after an investigation found that it failed to control a toxic release.

The Department of Labor and Industries said Friday that they began investigating Shell’s Puget Sound Refinery in Anacortes after learning that the refinery’s main flare released contaminates into the environment.

The release prompted complaints about the odor by people living nearby.

A refinery flare is designed to burn off waste gases and vapors not used in production. It also helps to prevent fires. But the flare must be decontaminated and shut down periodically for maintenance. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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