20 Sep '12, 3pm

Shell building world’s biggest ship that will sail on ever-higher seas:

Shell building world’s biggest ship that will sail on ever-higher seas:

Shell will forge the hull of a floating [liquefied natural gas] plant in South Korea by year-end that will be the world’s largest vessel, weighing six times the biggest aircraft carrier, a Nimitz-class warship. Some 5,000 workers will build the factory to produce LNG off Australia’s northwest coast in a $13 billion project that also will shield Shell from escalating costs it would have to pay at the country’s onshore plants. Rivals from Malaysia’s Petroliam Nasional Bhd. to GDF Suez SA of France likewise want to turn gas into liquid at sea, where many of the largest finds were made in the last decade. It’s a generational change for a land-based industry that started about 50 years ago in Algeria, where Shell provided technology for Camel, the first commercial LNG plant. Today those facilities typically cost at least $20 billion to build. “We remove the need for the pipelin...

Full article: http://grist.org/news/shell-building-worlds-biggest-ship-...

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