Royal Dutch Shell is moving to sell its stake in Indonesia's $15 billion Ab...
LONDON - Royal Dutch Shell is moving to sell its stake in Indonesia’s $15 billion Abadi liquefied natural gas project, industry and banking sources said, following on from an asset disposal program that has raised more than $30 billion.
Shell’s decision to sell out of the Abadi project in the Masela block, operated by Japanese oil and gas firm Inpex Corp which holds the remaining stake, highlights the difficulty Southeast Asia’s largest economy has in attracting energy investment.Construction was due to start in 2018, but in 2016 was delayed until at least 2020 after Indonesian authorities instructed a switch from an offshore to an onshore facility.
Dwi Soetjipto, chairman of Indonesian oil and gas task force SKK Migas, said in March that the government and the operators have not agreed on the cost for the project and the government has not approved the revised development plan.Shell sees LNG as a central pillar of the world’s transition to lower carbon energy in the coming decades. The super-chilled fuel allows easier transportation of natural gas, the least polluting fossil fuel, but is relatively expensive to develop.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Shell outperforms rivals in first quarter on strong trading, LNGRoyal Dutch Shell reported on Thursday a small drop in first quarter profit to $...
और पढो »
Shell has cover to take the high ground in BruneiA shareholder group wants the $260 bln energy giant to use its clout in the tiny Asian state to press for gay rights. Shell will be cautious of fallout elsewhere, but talks are possible. It has the leverage to open meaningful dialogue too. A fix, though, won’t be quick.
और पढो »
In a trade deal with China, the US may get an empty shellChina will not submit to an intrusive American trade enforcement procedure with triggers of discretionary and unilateral sanctions, writes Michael Ivanovitch.
और पढो »
Shell first-quarter profit slips but easily beats forecastsRoyal Dutch Shell on Thursday reported a 2 percent fall in first quarter profits...
और पढो »
Strong trading, LNG sales underpin Shell's first-quarter profitRoyal Dutch Shell reported on Thursday a small drop in quarterly profits which s...
और पढो »
Shell earnings; Volkswagen's resilience; Central banks on holdCNN's ChristineRomans has today's top business headlines before the opening bell on Wall Street
और पढो »
Dutch court to hear case vs. Shell brought by widows of hanged Nigeria activistsA Dutch court said on Wednesday it has jurisdiction to hear a damages suit broug...
और पढो »
Newly discovered ‘beautiful nightmare’ crab had wrench-like claws and enormous, cartoonish eyesMeet Callichimaera perplexa, an ancient, quarter-size crab with a lobster-like shell, legs like oars and huge peepers protruding from its head.
और पढो »
Finance’s green activists see path to climate hopeAn annual Wall Street-heavy confab on environmental risks is offering plenty to worry about. But a group of 340 investors like CalPERS and AXA is notching up wins, including against Equinor, Shell and other polluters. More concerted pressure can help slow global warming.
और पढो »
Strong trading, LNG sales underpin Shell's first-quarter profitRoyal Dutch Shell reported on Thursday a small drop in quarterly profits which s...
और पढो »