|Bid||2,071.00 x 216300|
|Ask||2,071.50 x 249300|
|Day's Range||2,066.00 - 2,088.50|
|52 Week Range||1,791.00 - 2,295.50|
|PE Ratio (TTM)||-6,745.93|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Much of the increase in LNG capacity is because of the rapid boost to plants in Australia and the United States, as both countries take advantage of abundant local reserves of natural gas to muscle in on a market that until recently had been dominated by a few established producers and buyers. This is because Europe is likely to act as a "clearing house" for surplus LNG cargoes, given it has excess re-gasification capacity and the ability to use the fuel for a variety of purposes, from power generation to manufacturing to household heating. Europe is also the only region that can effectively arbitrage between LNG and pipeline prices, given its connection to Russian and other Eastern natural gas via pipelines.
Royal Dutch Shell's Prelude floating liquefied natural gas (FLNG) ship has left a shipyard in South Korea for its destination offshore northwest Australia, the company said on Thursday. Shell's $12.6 billion Prelude project is expected to start operating next year, the company said, after long delays since the oil major first decided to go ahead with the project in 2011. Once the facility arrives in Australia, it will be secured to the seabed by mooring chains before it can be connected to the gas field and start operating, Shell said.
THE HAGUE, Netherlands (AP) — The widows of four activists executed 22 years ago in Nigeria are launching a civil action in the Netherlands, alleging complicity by oil giant Shell in their husbands' deaths, human rights organization Amnesty International said Thursday.