Bloomberg reported that Shell and Kinder Morgan Inc are planning on forming a company to export liquefied natural gas from a site in located in Georgia.
As quoted in the market report:
The liquefaction project would be at an El Paso Pipeline Partners LP (EPB) import terminal on Elba Island, near Savannah, Georgia, according to a statement today. El Paso Pipeline, controlled by Houston-based Kinder Morgan, will own 51 percent of the entity and operate the facility. Shell, based in The Hague, will own 49 percent and buy all of its output.
To view the whole Bloomberg report, click here.