Shell leaves door open for Browse LNG as Canadian venture delayed

Written on the 8 February 2016

Royal Dutch Shell has left the door open for progress on the Browse floating LNG project despite the rout in oil markets, but warned that it would need to be economical at oil prices of less than $US50 a barrel to go ahead.

The rout in oil prices over the past 18 months has driven Shell to delay a final investment on LNG Canada, where Shell is partnered by powerful LNG buyers Korea Gas Corporation and PetroChina, until the end of 2016

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Source: Australian Financial Review

A note from the BCCI: All business interested in supplying to the Browse FLNG project should go to Project Connect.