Royal Dutch Shell Plc (RDSA) Chief Financial Officer Simon Henry said total pledges from the energy industry to invest $350 billion to $450 billion in projects for U.S. liquefied natural gas exports are “a little bit optimistic.”
Shell, the largest LNG supplier, has held exclusive talks to take a stake in the Freeport LNG project. The producer faces rival projects led by companies including Exxon Mobil Corp. (XOM), Cheniere Energy Inc. (LNG), Sempra Energy (SRE) and BG Group Plc. (BG/)
“If that’s all going to happen without inflation and with the support of the American people to export all that American gas to industrial competitors and it’s all going to happen by 2020, I think it’s a little bit optimistic,” Henry told reporters today on a conference call. “Today’s headlines usually become tomorrow’s challenged projects.”