Floating a New LNG Export Idea
Getting natural gas exports to market is difficult, especially for places where energy infrastructure is almost nonexistent. For emerging natural gas plays, such as the one off the coast of Mozambique, it could cost up to $40 billion to get the infrastructure in place to export the commodity. Thanks to some developments by Royal Dutch Shell , that number may go way down.
Shell has been developing a floating LNG terminal that would work with offshore gas exploration, and its first facility is expected to come on line in Australia toward the end of 2016. If this technology were to be used in a place like Mozambique, it could reduce the infrastructure bill by as much as $30 billion. If successful, this could be a big win for both Shell and other natural gas plays around the world. Tune into the video below where Fool.com contributor Tyler Crowe takes a look at what this LNG development could mean for the market and for Shell itself.
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The article Floating a New LNG Export Idea originally appeared on Fool.com.
Fool contributor Tyler Crowe has no position in any stocks mentioned. You can follow him at Fool.com under the handle TMFDirtyBird, on Google +, or on Twitter, @TylerCroweFool.The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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