Shell and Sunlink greenlight LNG project offshore Nigeria
1. Shell invested in the HI gas project offshore Nigeria with Sunlink. 2. Production is expected to start by the end of the decade.
FAQ
Why Bullish?
The positive investment decision enhances Shell's portfolio and potential future revenues, similar to previous successful offshore projects.
How important is it?
The decision signifies strategic growth in gas production, which is critical amidst energy transition trends.
Why Long Term?
The project's production timelines extend to the end of the decade, indicating long-term growth potential.