Shell gas project €8bn over budget

Oil giant Shell revealed today that one of its flagship gas projects had shot $10bn (€8.3bn) over budget in just two years.

Shell gas project €8bn over budget
Thu, 14 Jul, 2005 - 15:41

Oil giant Shell revealed today that one of its flagship gas projects had shot $10bn (€8.3bn) over budget in just two years.

Shell blamed currency swings and rising prices of commodities such as steel for driving up the cost of the Sakhalin II, which will help satisfy the thirst for energy in Asia with gas found off Russia’s eastern coast.

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