Shell to spend $20 billion by 2015 on natural gas
LONDON -- Shell plans to invest more than $20 billion by 2015 to develop LNG and gas to liquids production, Chief Executive Peter Voser said.
"Strong growth in gas markets is a major opportunity for Shell and our shareholders," Voser said at an investor meeting. "Integrated gas earnings reached $9 billion over the last year, driven by LNG and gas-to-liquids," Voser said.
Shell has 22 mtpa of LNG on stream, and is building 7 mtpa of new LNG Capacity in Australia. The company is developing plans to add more than 20 mtpa of further LNG options in Australia, Indonesia and North America.
Dow Jones Newswires