Shell Exec Sees Potential Political Risks of Exporting Cheap American Gas
Posted on Mar 21, 2012 in LNG Exports, Policy, Legislation and Politics | Comments Off on Shell Exec Sees Potential Political Risks of Exporting Cheap American Gas
The Globe and Mail reports that Royal Dutch Shell PLC CFO, Simon Henry, is concerned that exporting low cost American gas to countries that compete economically with the United States could be characterized as exporting American jobs. While Shell is exploring options to take advantage of the low cost supplies, Henry wonders how long exporting gas will remain politically acceptable. Henry adds that Shell’s proposed LNG export terminal at Kitimat, British Columbia is on the “front burner,” but whether the terminal is actually built will depend on the costs of other projects that Shell is considering.