Energy Build Costs Very Worrisome, Says Shell
From The Australian
A SENIOR Royal Dutch Shell executive said today the cost of building energy projects in Australia is becoming “very worrisome” as the European oil giant prepares to decide whether it will spend billions more dollars in the resource-rich nation.
Shell has already committed almost $US30 billion to Australian gas-export projects being built over the next five years. The company’s Australian head, Ann Pickard, said the figure is poised to become $US50 billion if final decisions are made on other projects that Shell has on the drawing board.