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Shell exits from Lake Charles LNG

Lake Charles LNG is just one of several export projects seeing delays in reaching final investment decisions following a collapse in oil and gas prices. Aside from those driven by national oil companies, projects that have not been sanctioned are seen facing challenges

‘Whilst we continue to believe in the long-term viability and advantages of the project, the time is not right for Shell to invest’ — head of integrated gas and new energies division Maarten Wetselaar

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