Wednesday 22 June 2016

SHELL DELAYS GAS PROJECTS OVER FUNDING CONSTRAINTS

General Manager, External Relations, Shell Petroleum Development Company (SPDC), Igo Weli (left); Managing Director SPDC and Country Chair, Shell Companies in Nigeria, Osagie Okunbor; and Communications Manager, Mrs. Sola Abulu, at the official launch and presentation of Shell Briefing Notes in Lagos. The Shell Petroleum Development Company (SPDC) may be groaning under insufficient fund to float some of its gas projects that are positioned to further reduce gas flaring in the county.

The Oil multinational, in its 2016 Facts Sheets, said “the planned start-up dates for two major gas gathering projects – Forcados Yokri Integrated Project (FYIP) and Southern Swamp Associated Gas Gathering (SSAG) Solutions have been delayed due to a lack of adequate joint-venture funding”.

Read more @ The Guardian

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