Monday, December 2, 2024
Energy Transfer to proceed with Lake Charles LNG alone after Shell exits project- oil and gas 360

Energy Transfer to proceed with Lake Charles LNG alone after Shell exits project

Houston Chronicle Dallas pipeline operator Energy Transfer will proceed with the proposed Lake Charles LNG export terminal alone after European oil major Shell has decided to exit the multibillion project. Shell announced Monday that company will continue to support Energy Transfer with the bidding process for a general contractor but will then exit the project in a phased handover.  The

Shell - Oil & Gas 360

Shell exits proposed Lake Charles LNG project

HOUSTON, March 30, 2020 /PRNewswire/ — Given current market conditions, Shell announces today it will not proceed with an equity interest in the proposed Lake Charles LNG project. Accordingly, Energy Transfer will take over as the project developer.

U.S. crude dips below $20 as lockdowns wipe out demand-oil and gas 360

U.S. crude dips below $20 as lockdowns wipe out demand

Reuters LONDON – Oil prices fell sharply on Monday, with U.S. crude briefly dropping below $20 and Brent hitting its lowest in 18 years, on heightened fears that the global coronavirus shutdown could last months and demand for fuel could decline further. Brent crude, the international benchmark for oil prices, was down $1.98, or 7.9%, at $22.95 by 1337 GMT,