Shell Wins Approval for ‘Game Changer’ Gas Project
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Royal Dutch Shell Plc, Europe’s largest oil company, won approval from the Australian government to proceed with the development of the world’s first liquefied natural gas project using a floating plant.
Prelude, located about 200 kilometers (120 miles) off the coast of Western Australia, was approved with “strict conditions,” Environment Minister Tony Burke said in a statement today. The Hague-based Shell must comply with 13 requirements to protect the marine ecosystem and minimize the risk of oil spills.