Shell's Floating LNG Plant Gives An Economic Boost -- ESG Insight

Date : 06/11/2019 @ 4:29PM
Source : Dow Jones News

Shell's Floating LNG Plant Gives An Economic Boost -- ESG Insight

Shell 'A' (NYSE:RDSA)
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The ongoing operations of Shell's floating liquefied natural gas project in Australia, Prelude, are expected to bring positive social effects both for the company and the territory itself. The project's size should benefit Australia, as Shell is set to spend billions of dollars on Australian goods and services over the lifespan of Prelude. The massive project may contribute the creation of hundreds of direct and indirect jobs, during the next 25 years of activity. The Australian trade balance could be helped by increased liquefied natural gas exportation. With Prelude's push, Australia might even overtake Qatar during 2019, as the world's leading exporter of LNG by volume. (goncalo.lousada@dowjones.com)

(END) Dow Jones Newswires

June 11, 2019 11:14 ET (15:14 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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