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Royal Dutch Shell News Tuesday, 1 March 2005

Royal Dutch Shell News Tuesday, 1 March 2005

THE LONDON TIMES: Need to Know: “Shell signed its second agreement with Qatar’s government in two days…” (ShellNews.net) 1 March 05

FINANCIAL TIMES: Shell cements its position with LNG deal: “Royal Dutch/Shell’s signing of a $7bn (£3.65bn) liquefied natural gas deal with Qatar this week cements its position as global leader in liquefied natural gas – the boom area of energy investment – and will boost its flagging oil and gas reserves.”: “Despite Shell’s conservative assumption on oil prices, worries remain that companies are taking big risks when investing billions in LNG plants, ships and pipelines.” (ShellNews.net) 1 March 05

AFX Europe (Focus): Malaysia’s PM says Petronas sure oil area belongs to country – report: “Prime Minister Abdullah Ahmad Badawi says national oil company Petroliam Nasional Bhd is certain the area near Sipadan island, where it granted an oil exploration concession to Royal Dutch/Shell Group, belongs to Malaysia…”: “Indonesian Foreign Ministry spokesman Marty Natalegawa was quoted by Agence France-Presse as saying: “In our view, the granting of the concession is an inappropriate and unlawful act.” (ShellNews.net) 1 March 05

THE NEW YORK TIMES: Investment in Qatari Gas Signals Approval: “Tiny Qatar… sits on a bubble containing 10 percent of the world’s known gas reserves…”: “The $6 billion venture with Shell will bring 8.6 million tons a year to U.S. and European markets beginning as early as 2010.”(ShellNews.net) Posted 1 March 05

Stuff.co.nz (New Zealand): Pohokura gas deal made in good faith, says Shell: “Energy giant Shell is defending itself against claims that it misled the Commerce Commission over its plans to sell gas from the Pohokura gasfield. The commission is poised to revoke its decision to allow Shell, Todd Energy and European company OMV to jointly market and sell gas from the Taranaki offshore field.” (ShellNews.net) 1 March 05

Express Newsline (India): Shell and Qatar Gas Deal Could be Important for Energy Needs: “Shell went some way to replenishing its tapering reserves as it has signed a £3bn gas deal with the government of Qatar.” (ShellNews.net) 1 March 05

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