Shell, Partners Pour $12B Into Indonesia LNG Project

Law360, New York (June 8, 2012, 7:45 PM EDT) -- European energy giant Royal Dutch Shell PLC, along with its partners, will invest at least $12 billion in liquefied natural gas development projects off the coast of Indonesia, a senior minister with the Indonesian government reportedly said Thursday.

Indonesia Coordinating Minister for the Economy Hatta Rajasa said the consortium developing the Masela block natural gas project would contribute at least $12 billion and as much as $20 billion to develop the LNG projects at the gas field, according to the Wall Street Journal. Shell acquired a...
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