At a Crude Price of $70/B, Shell Expects Annual Cash Flow of $4 Billion from its Interests in Pearl GTL and Qatargas

摘要

Following the start-up of train 7 of the Qatargas gas liquefaction complex, which was developed by Qatargas 4 (QG4), a joint venture between Qatar Petroleum (QP -70%) and Royal Dutch Shell (30%), the Anglo-Dutch company embarked on the commissioning of the gas-to-liquids (GTL) plant of Pearl GTL, another joint venture with QP, which started producing clean gas oil at the end of May. Shell announced on 13 June that the first commercial shipment of GTL gas oil had been sold that day, marking the official start of commercial production at the plant. Shell added that the second train was due to start up at the end of 2011 and attain full-capacity production in mid-2012. The plant consists of two 70,000-b/d trains.