07 March 2012 22:55 [Source: ICIS news]HOUSTON (ICIS)--Anglo-Dutch oil and gas producer Shell is moving forward on its efforts to export natural gas as LNG from western Canada as a “multiple-train” project, said company CEO Peter Voser on Wednesday. ?xml:namespace>
China’s PetroChina, South Korean incumbent KOGAS and Japanese trading firm Mitsubishi have joined Shell in developing a Canadian export scheme.
“We’re very pleased with that process,” Voser said during CERAWeek in Houston.
Voser said discussions with the Canadian government and provincial officials were in progress, but it was too early to comment on a location.
In considering US LNG exports, Voser said the natural gas resources would likely be consumed domestically because of the growing demand for gas-to-liquids and petrochemical demand.
Voser also noted Shell’s endeavours to develop opportunities to use LNG for transportation fuel, describing the exploration of using LNG as marine fuel in Singapore and Rotterdam. In addition, Shell is preparing its pilot launch of a commercial truck fleet using LNG in western Canada from Calgary to Edmonton, using an existing gas processing plant.
“Drawing on the region’s natural gas to produce the LNG, we believe fleets on this route could see a reduction in greenhouse gas emissions of up to 20% on a well-to-wheels basis,” Voser said.
Voser declined to comment on the recent $1.6bn (€1.22bn) takeover bid that was launched 22 February for Africa-focused explorer Cove Energy, which would give Shell access to Mozambique LNG export development and a foothold in the east African market.
($1 = €0.76)
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