Shell Starts Building Floating LNG Export Plant In Korea

Law360, New York (October 18, 2012, 2:04 PM EDT) -- Anglo-Dutch oil and gas giant Royal Dutch Shell PLC announced Thursday that it has begun construction of its groundbreaking offshore liquefied natural gas facility, the world's first floating gas liquefaction and export terminal, at a shipyard in South Korea.

The construction of the so-called Prelude FLNG facility — designed to produce gas at sea, turn it into liquefied natural gas and then transfer it directly to the ships that will transport it to customers — is taking place at Samsung Heavy Industries Co. Ltd.'s Geoje shipyard...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.