Fluidsdoc: Jan. 7, 2019 4:31 AM ET
Summary
- Shell has taken a positive FID on a massive 14 mpta LNG project in Western Canada.
- Several companies have abandoned this effort due to opposition and low gas prices.
- We review the scenario ahead of Shell going forward.
Introduction
Shell (RDS.A, RDS.B) has the strongest position in LNG of any Super Major oil company. On the whole, we think this is a perfect direction in which to take a legacy oil company like Shell. The energy mix that runs the world is changing, and strong companies must adapt to stay strong. We’ve have written about this in a number of articles. These are set to free status so you can go into more depth on Shell. For the most part, we think Shell is doing that.