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Shell: Looking At Gas-To-Liquids Projects In US

DECEMBER 5, 2011

DOHA (Dow Jones)–Royal Dutch Shell PLC (RDSB.LN) is in the early stages of planning projects to turn natural gas into fuels like diesel in the U.S., of similar scale to its huge project in Qatar, Andy Brown, executive vice president of Shell, said in Qatar Monday.

“We are looking for places where gas is cheap and [oil] products are expensive,” he said at a press briefing at the World Petroleum Congress in Doha, Qatar. “Clearly the U.S. is something we’re looking at.”

Shell is only interested in large-scale projects similar to the $18 billion Pearl Gas To Liquids plant it has developed in Qatar, Brown said.

The first phase of Pearl GTL is now producing at close to full capacity and the second phase started over the weekend, he said. It remains on course to reach full production by the middle of 2012.

-By James Herron, [email protected], +44 207 842 9317

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