• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 1 day GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days The United States produced more crude oil than any nation, at any time.
  • 8 days e-truck insanity
  • 3 days How Far Have We Really Gotten With Alternative Energy
  • 7 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 6 days James Corbett Interviews Irina Slav of OILPRICE.COM - "Burn, Hollywood, Burn!" - The Corbett Report
  • 6 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 8 days Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 8 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 11 days Bankruptcy in the Industry
OPEC+ Faces Fork in the Road

OPEC+ Faces Fork in the Road

Some analysts have noted in…

U.S. Drilling Activity Continues to Drop Off

U.S. Drilling Activity Continues to Drop Off

The total number of active…

Shell to Invest $1 Billion in Floating LNG Plant in India

The US Energy Information Administration has predicted that as India’s economy grows and its demand for energy booms, natural gas will play a far larger role in the generation of that energy. Overall energy demand and consumption is expected to increase by more than 50% by 2035, and natural gas’s share of that will increase from 11 percent in 2008, to 16 percent.

Shell (NYSE: RDS.A) is very well placed to take advantage of this growth in India’s natural gas market, and in preparation Shell India will invest $1 billion to build a floating liquefied natural gas (LNG) plant off the coast of India. The new floating plant will be based at the port of Kakinada in the state of Andhra Pradesh, and will add to the capacity of the 3.6 million ton LNG import facility in Hazira to provide a boost to the amount of LNG that Shell can process in the area.

Hazira will also be expanded, and Yasmine Hilton, the head of Shell India, stated that, “by the end of the quarter, we will be able to import 5 million tons at Hazira.”

Related article: A Carbon Tax may Curb the Rise in Natural Gas Flaring

Further plans exist to boost Hazira’s capacity to 10 million tons within in four years, and there is talks of doubling the Kakinada terminal’s capacity in the coming years.

Hilton has stated that India represents a huge potential for Shell’s gas sector, and the appropriate investments are being pursued in upstream oil and gas exploration and production. The only problem is that Shell India must compete with other departments of Shell from around the world for funding.

“Shell is investing $30 billion in new investments -- 80 percent in upstream and 20 percent in downstream. We (Shell India) have to compete for those dollars with other Shell outfits. My job is to position India to the group and get some of the funding into India.”

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News