Shell Exits U.S. LNG Export Project Amid Global Gas Rout (3)

摘要

Royal Dutch Shell Plc is walking away from a multibillion-dollar liquefied natural gas export terminal planned for Louisiana, the latest sign that a wave of proposed projects is in peril as a worsening glut and the Covid-19 pandemic hammer global prices for the fuel.Energy Transfer LP will take over as the project developer, Shell said Monday in a statement. The Dallas-based pipeline operator said it's in talks with "several significant" LNG buyers in Europe and Asia over supply agreements and, in some cases, equity investments.