Royal Dutch Shell plc suspends Gulf Coast gas-to-liquids project in Louisiana

Shell exits GTL project in Louisiana, US

11:27 AM, 6th December 2013
Royal Dutch Shell business news
Peter Voser, CEO, Shell.

PARIS, FRANCE: Royal Dutch Shell plc will not move forward with the proposed 140,000 barrels per day Gulf Coast gas-to-liquids (GTL) project in Louisiana and will suspend any further work on the project. Shell is the industry leader in GTL technology, and the company has carefully evaluated a number of development options for GTL on the US Gulf Coast, using natural gas feedstocks.

Despite the ample supplies of natural gas in the area, the company has taken the decision that GTL is not a viable option for Shell in North America, at this time, due to the likely development cost of such a project, uncertainties on long-term oil and gas prices and differentials, and Shell’s strict capital discipline.

“We are making tough choices here, focusing our efforts and capital on the most attractive opportunities in our world-wide portfolio, to add value for shareholders,” said Peter Voser, CEO, Shell.


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