Shell, Kinder Morgan to Export Natural Gas From US
From Bloomberg
By Jessica Resnick-Ault & Mike Lee
Royal Dutch Shell Plc (RDSA) and Kinder Morgan Inc. announced their intention to form a company to export liquefied natural gas from a site in Georgia.
The proposed liquefaction project would be at an existing El Paso Pipeline Partners LP (EPB) import terminal at Elba Island, near Savannah, according to a statement today. El Paso Pipeline, controlled by Houston-based Kinder Morgan, will own 51 percent of the entity and operate the facility. Shell, based in The Hague, will own 49 percent and buy all of its output. Project costs weren’t disclosed.
LNG terminals built to import the fuel to the U.S. have begun seeking permission to export, as new production methods have boosted North American supply. There are eight proposed LNG export terminals in the U.S. seeking permits allowing processing of more than a total of 12 billion cubic feet a day, according to the Federal Energy Regulatory Commission.
