Shell suspends Jumping Pound liquefaction facility

Shell suspends Jumping Pound liquefaction facility

Royal Dutch Shell, the major owner of the Jumping Pound complex in southern Alberta, Canada, has suspended the development of a liquefaction unit.

The unit at the complex with an overall natural gas production of 300 million cubic feet per day was to be used for developing the emerging gas transport market.

“We believe LNG (liquefied natural gas) in transport is a considerable opportunity for Shell, but it is an emerging market and we must have a balanced approach to its development, (so) we have suspended development of the liquefaction unit at the Jumping Pound facility,” a Shell spokesman said, reports Reuters.

Deutsche Banks was also reported in stating that this is the new, disciplined approach by the new CEO, Ben van Beurden, to streamline the portfolio of options to be pursued by the company.

LNG World News Staff, July 18, 2014; Image: Shell

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