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Notes to Editors
- Shell is the first customer of a new, dedicated LNG for transport infrastructure announced in July 2014 by the GATE terminal - "Shell in terminal expansion deal to boost LNG fuel for transport". The Gate terminal is a joint venture of Gasunie, Vopak and OMV at the port of Rotterdam in the Netherlands.
- Shell has committed to buy capacity from the Gate terminal, which has enabled this investment in the terminal expansion.
- The new LNG for transport infrastructure, called a ‘break bulk’ terminal, includes the construction of a new jetty. The new jetty will increase availability of LNG as a transport fuel for vessels and trucks in northwest Europe.
- Rotterdam is a key location for port and bunkering operations, giving the Gate terminal an advantaged position to serve customers in the marine, road and industrial sectors. The new, dedicated break bulk terminal is expected to be operational in Q4 2016. It will be positioned alongside the central Gate terminal, where LNG currently arrives via large chartered carriers from around the world.
- When operational, the new break bulk terminal will receive gas in its liquid form from the central terminal by pipeline, and break it down into smaller quantities for distribution. Previously, all the LNG arriving in to the port was regasified for the power and industrial sector, and also exported.
- For road customers, the existing truck-loading station at the Gate terminal will be used to distribute LNG fuel to an initial Shell network of up to seven LNG truck refuelling stations in the Netherlands. The first of these Shell truck refuelling stations is planned to open in the Rotterdam area.
- Shell’s support helped launch Greenstream and Green Rhine, the world’s first 100% LNG-powered barges to carry goods along Europe’s River Rhine.
- The development of this new vessel and its supporting infrastructure strengthens Shell’s position in Europe’s natural gas and LNG market. Global LNG trading began 50 years ago, when Shell brought the world’s first commercial LNG cargo from Algeria to the UK.
- Shell Shipping & Maritime manages 44 LNG carriers – around 11% of the world’s LNG fleet - making Shell one of the largest LNG carrier operators.
Royal Dutch Shell plc
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The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate entities. In this announcement "Shell", "Shell Group" and "Royal Dutch Shell" are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words "we", "us" and "our" are also used to refer to subsidiaries in general or to those who work for them.
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The companies in which Shell has significant influence but not control are referred to as "associated companies" or "associates" and companies in which Shell has joint control are referred to as "jointly controlled entities". In this announcement, associates and jointly controlled entities are also referred to as "equity-accounted investments".
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This announcement contains forward looking statements concerning the financial condition, results of operations and businesses of Shell and the Shell Group. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements.
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There are a number of factors that could affect the future operations of Shell and the Shell Group and could cause those results to differ materially from those expressed in the forward looking statements included in this announcement, including (without limitation):
(a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell's products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions;
(i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; and (m) changes in trading conditions.
All forward looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward looking statements.
Additional factors that may affect future results are contained in Shell's 20-F for the year ended 31 December 2013 (available at www.shell.com/investor and www.sec.gov ). These factors also should be considered by the reader. Each forward looking statement speaks only as of the date of this announcement, 3 July 2014.
Neither Shell nor any of its subsidiaries nor the Shell Group undertake any obligation to publicly update or revise any forward looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward looking statements contained in this announcement.