Shell withdraws from Kakinada gas project

Ample research had showed lack of adequate demand for liquid gas, says company

European oil and gas company Royal Dutch Shell has decided to discontinue its earlier proposal for a floating liquefied natural gas (LNG) import terminal off the Kakinada coast in Andhra Pradesh.

The company said ample research had showed lack of adequate demand for liquid gas.

“We have put a pause on that project. We worked closely with our partners and engineers and took it to the point where our engineering work was done and we were ready to go. We looked around (but) there was not enough demand. We cannot just spend hundreds of millions and do nothing. So, life