4 Energy Stock Stories To Spark Savvy Investor Interest
Royal Dutch Shell (NYSE:RDSA): Closing price $64.82
Arrow LNG, an Australian joint venture between Royal Dutch Shell and PetroChina, is mulling an option of the construction on a rival’s LNG site to restart its own stalled gas export plans, according to an inside source. The option could come as a shock to some in Australia’s liquefied natural gas industry, considering the soaring cost pressures faced by most projects. Projected costs on Arrow’s own stalled project have jumped by roughly 40 percent to up to $36 billion. The firm has held discussions with Origin Energy to use the site previously reserved for the expansion of Origin’s $23.8 billion facility under construction on eastern Australia’s Curtis Island, according to the source.