{"id":21993,"date":"2011-06-28T12:00:50","date_gmt":"2011-06-28T16:00:50","guid":{"rendered":"http:\/\/www.investmentu.com\/?p=21835"},"modified":"2011-06-28T12:00:50","modified_gmt":"2011-06-28T16:00:50","slug":"shells-flng-breakthrough","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/06\/28\/shells-flng-breakthrough\/","title":{"rendered":"Shell\u2019s FLNG Breakthrough"},"content":{"rendered":"

Shell’s FLNG Breakthrough<\/a><\/p>\n

by Tony D’Altorio<\/a>, Investment U<\/em> Research
\nTuesday, June 28, 2011<\/p>\n

Most Investment U <\/em>readers are aware of a new technology, developed in the United States, that’s transforming the global natural gas industry.<\/p>\n

New technology that has made natural gas located in difficult areas economical to extract. And has resulted in a glut of natural gas in the United States along with sharply lower prices over the past two years.<\/p>\n

Now, as pointed out by my IU<\/em> colleauge David Fessler, a major event is about to occur in the liquefied natural gas industry<\/a>.<\/p>\n

Liquefied natural gas (LNG) satisfies 10 percent of global gas demand today. And that percentage is growing, making this <\/strong>is an event definitely worth revisiting…<\/p>\n

Shell’s Floating Liquefied Natural Gas Breakthrough <\/strong><\/p>\n

Royal Dutch Shell <\/strong>(NYSE: RDS.A<\/a>) is developing a new <\/strong>technology for use in Australia. So far, the company has spent $500 million and 15 years’ worth of research on its development.<\/p>\n

This breakthrough – floating liquefied natural gas terminals – will enable Shell to recover natural gas from offshore fields that were previously considered uneconomical to develop. As mentioned in David’s article, much of Australia’s gas lies buried in offshore fields.<\/p>\n

Shell’s Floating Liquefied Natural Gas (FLNG) Prelude facility is certainly impressive.<\/p>\n