Shell pulls out of gas-to-liquids project in Gulf Coast
Dec 5 (Reuters) - Royal Dutch Shell Plc said it would not move forward with its proposed 140,000 barrel per day Gulf Coast gas-to-liquids (GTL) project in Louisiana, despite ample supplies of natural gas in the area.
Shell said it would suspend any future work on the project as GTL was not currently a viable option in North America for the company.
The company cited development costs and the uncertainty of oil and gas prices in the long term as reasons for scrapping the project.
- Tweet this
- Share this
- Digg this
- Tesco accounting black hole deepens, chairman to step down |
- Hungary plans new tax on Internet traffic, public calls for rally
- UKIP on course to win second parliamentary seat - poll
- Some U.S. hospitals weigh withholding care to Ebola patients
- Canada's Harper vows tighter security after Parliament attack |