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Shell Ireland Corrib Gas Project Startup Delayed To ’12-’13

THE WALL STREET JOURNAL

MARCH 16, 2010 By Lananh Nguyen Of Dow Jones Newswires

LONDON (Dow Jones)–The startup of Royal Dutch Shell PLC’s (RDSB) Corrib gas project off the west coast of Ireland will be delayed to 2012-2013, the company said Tuesday in a strategy update.

The project was originally set to come online between 2010-2011, but has been held up. Shell was asked by Ireland’s planning board in late 2009 to consider an alternative route for a nine-kilometer onshore pipeline to deliver gas from its Corrib fields to a processing terminal in response to local opposition.

“In Ireland, the Corrib Gas Project is currently under development, and is largely complete (pending a final decision from the Irish planning board on an application for a nine kilometres onshore pipeline),” the company said in its 2009 annual report.

Shell is the operator of Corrib and has a 45% stake in the project.

-By Lananh Nguyen, Dow Jones Newswires; +44 (0)20-7842-9479; [email protected]

(James Herron in London contributed to this report.)

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