Shell's Floating LNG Plant Gives An Economic Boost -- ESG Insight
June 11 2019 - 11:29AM
Dow Jones News
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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