Shell, Energy Transfer seek extension on Louisiana LNG project
|About: Royal Dutch Shell plc (RDS.A)| By Carl Surran, SA News Editor
*Royal Dutch Shell (RDS.A, RDS.B) asks U.S. regulators to extend the time required to complete the Lake Charles liquefied natural gas export project in Louisiana by five years to 2025.
*Shell says the delay is due to its takeover of the project after its 2016 acquisition of BG Group caused it to re-evaluate and strike new agreements, according to a letter dated last Friday to the Federal Energy Regulatory Commission.
*The project, a 50-50 venture Energy Transfer (NYSE:ET), would convert an existing import and regasification facility in Lake Charles into a multi-train, 16.45M mt/year facility.