Shell flags gas project delays because of cost pressures

THE world’s biggest oil company, Royal Dutch Shell, has warned it may delay some of its $17 billion planned investment in Australian liquefied natural gas projects as construction costs soar and rival nations push for assets to be rapidly developed.
Shell chief executive Peter Voser said cost pressures in Australia were a growing problem and he would not be pushed into the “wrong development at the wrong time”.
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Posted in: Australia, Gas, Oil, Peter Voser, Royal Dutch Shell Plc, Shell Project Delays.