African countries are already booking stakes in Tanzania’s $42 Billion LNG project

Shell is not done building super-expensive LNG plants. They just stopped its Prelude disaster sinking many billions, and there is the next adventure again. More than 40 billion for a 15 million tons plant is a steep price tag. Not as steep as Gorgon was in Australia or even the PNG projects but it’s still awfully expensive. The only way to make such a project is by considering that the world will pay through the nose for its energy forever. What if the world goes into a recession? What if the markets that were supposed to carry this cannot afford the product anymore? But managers will have cashed their bonuses by then so what do they care? 

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