LNG players smashed

MAJORS seeking to position themselves as LNG titans have been smashed by low oil prices, with Shell delaying its LNG Canada project after posting its lowest income in 13 years, while Europe's main LNG plant owner, Statoil, has cut oil break-even for projects to under $US50 as it posted a loss.

LNG players smashed LNG players smashed LNG players smashed LNG players smashed LNG players smashed

Having reduced its number of new investments last year and more recently exiting the Bab sour gas project in Abu Dhabi, CEO Ben van Beurden confirmed overnight the UK supermajor had postponed final

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