Shell's Prelude Liquified Natural Gas Project Approved With Restrictions

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.
The Prelude project, located about 475 kilometers (295 miles) north-northeast of Broome in Western Australia, was approved with “strict conditions,” Environment Minister Tony Burke said in a statement today.
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Source: Bloomberg