Shell pulls out of Lake Charles LNG project due to 'market conditions'

摘要

Shell has pulled out of a major US LNG project to convert an existing import terminal in Lake Charles, Louisiana to an export facility, citing "current market conditions". Lake Charles LNG is a 50-50 venture with Energy Transfer, which will now take over as the project developer. Shell said it will continue to support Energy Transfer with the ongoing bidding process for the engineering, procurement, and construction contract and then plan a phased handover of the remaining activities.