PERTH: Royal Dutch Shell yesterday gave the go-ahead to a US$10bil-plus liquefied natural gas (LNG) project in Australia, set to be the world's first floating LNG plant and targeted at soaring Asian demand.
The Prelude project, with a capacity of 3.6 million tonnes a year and which Shell expects to come online around 2017, would be the largest floating object in the world, longer than four soccer fields laid end to end.
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