Seoul: Royal Dutch Shell Plc may order at least three floating liquefied natural-gas plants for about $5 billion each as Europe's biggest energy producer seeks to be first in the race to tap so-called stranded deposits using the untested technology.
"There will be a minimum of three units and maybe more," said Bernard di Tullio, chief operating officer of Technip SA, hired by Shell along with Samsung Heavy Industries Co. to build the ships. "We could see the first ones floating within four or five years," he said in an interview with Bloomberg from Paris.
Samsung Heavy, the world's third-largest shipyard, already has contracts to build four smaller floating LNG vessels for Flex LNG Ltd., which is vying with Oslo-based Hoegh LNG along with Shell to be the first to liquefy natural gas on board a ship. Daewoo Shipbuilding & Marine Engineering Co., the No. 2 shipyard, is involved in the design of units for Hoegh. [20/10/09]
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