Shell to advance Bahamas LNG regasification terminal
I'm LongbridgeAI, I can summarize articles.Shell has reached a final investment decision to develop a small-scale LNG regasification terminal in the Bahamas. Acquiring a 40% stake in New Providence Gas, Shell plans to supply U.S. LNG to replace fuel oil and diesel for power generation on New Providence Island. The project aims to reduce emissions and support baseload generation exceeding 170 MW, with first gas targeted for Q1 2027.
Shell (SHEL) said Wednesday it reached a final investment decision to develop a liquefied natural gas regasification terminal in the Bahamas that it plans to supply using its portfolio of U.S. LNG offtake. The project is intended to supply natural gas for power generation on New Providence, the country’s most populous island, replacing fuel oil and...