Shell to develop new pipelines to move gas from MEA to Europe
The National reported that Royal Dutch Shell is seeking a role in developing new pipelines to move gas from the Middle East to Europe through eastern Arab and Levantine states.
Such pipelines, if built, would widen the export options for Shell and other international oil companies that are jockeying for access to major oil and gas developments in Iraq, as that country seeks to rebuild energy infrastructure that has been severely damaged by decades of war and misrule. John Mills executive vice president of Shell’s gas & power division said that “The Middle East, which holds 40% of the world’s gas resources, is likely to play a role in filling the European gas supply gap.
Countries like Turkey, Egypt, Jordan and Syria could play a key role in facilitating the transit of that gas. Companies like Shell can play a role in realizing this potential. We are ideally placed to help find and develop the gas, and structure the deals to make this all happen.” Mills said that Shell was working with the governments of Syria and Iraq to develop master gas plans for their respective countries.
Shell is also involved in negotiations with Baghdad for 2 of 6 service contracts to boost output from several large Iraqi oil fields that currently produce most of the country’s 2.5 million barrels a day of crude. Other companies negotiating contracts with Baghdad included the French energy concern Total, the US oil enterprises, Exxon Mobil, Chevron and Anadarko, and the Anglo-Australian resources group, BHP Billiton. (SteelGuru, India)
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