The estimated capacity of the plant is 7.8 million tons a year, enough to power almost 8 million houses. Royal Dutch/Shell aims to begin production by 2012.
The Qatar investment will occur after a series of reductions in Shell's reserves.
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Shell To Build LNG Plant In Qatar
The Qatar investment will occur after a series of reductions...
Royal Dutch/Shell Group will build a $7 billion liquefied natural gas plant in Qatar.
The Anglo-Dutch company acquires a 30 percent stake in the Qatar Gas 4 project under the agreement.
The estimated capacity of the plant is 7.8 million tons a year, enough to power almost 8 million houses. Royal Dutch/Shell aims to begin production by 2012.
"This will provide additional supplies for the growing LNG markets in North America and Europe," Shell Chief Executive Officer Jeroen van der Veer said.
The Qatar investment will occur after a series of reductions in Shell's reserves.
The estimated capacity of the plant is 7.8 million tons a year, enough to power almost 8 million houses. Royal Dutch/Shell aims to begin production by 2012.
The Qatar investment will occur after a series of reductions in Shell's reserves.
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