Shell Drops Italian LNG Plan After 7 Years Of Paperwork

Law360, New York (November 5, 2012, 4:32 PM EST) -- Royal Dutch Shell PLC confirmed Monday that it is dropping out of a project to build a liquefied natural gas plant in Sicily, becoming the latest energy company driven out by red tape and permitting delays in Italy.

“Shell can confirm that we have exited the Ionio Gas joint venture in Sicily,” spokesman Jonathan French said in a statement. He declined to comment further.

Ionio gas was envisioned as an LNG import, regasification and distribution facility capable of processing 8 billion cubic meters per year. But...
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