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Shell decides to move forward with groundbreaking Floating LNG

Shell announces final investment decision on Prelude Floating LNG project in Australia

The Hague, 20th May 2011. The Board of Royal Dutch Shell plc (Shell) has taken the
final investment decision on the Prelude Floating Liquefied Natural Gas (FLNG) Project
in Australia (100% Shell), building the world’s first FLNG facility. Moored far out to sea,
some 200 kilometres from the nearest land in Australia, the FLNG facility will produce
gas from offshore fields, and liquefy it onboard by cooling. 

The decision means that Shell is now ready to start detailed design and construction of
what will be the world’s largest floating offshore facility, in a ship yard in South Korea