Shell 'A' (NYSE:RDSA)
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6 Months : From Mar 2019 to Sep 2019
The first cargo shipment from Shell's massive floating liquefied natural gas project in Australia gives the company's environmental positioning a lift as it looks to reduce reliance on other fossil fuels. The floating infrastructure is said to cut the plant's carbon footprint by 25% when compared to the emissions released by a land-based LNG plant, but it is not risk-free. Offshore platforms must be able to withstand harsh weather conditions not seen on land. Wave motion and ocean currents may cause sloshing in partially filled tanks which could lead to leaks that would potentially pollute the ocean and counteract the environmental benefits the plant is supposed to provide. (firstname.lastname@example.org)
(END) Dow Jones Newswires
June 11, 2019 11:10 ET (15:10 GMT)
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