The LNG export race may be ramping up, but Royal Dutch Shell is looking to turn the traditional LNG model on its head. Its Prelude LNG project drilled its first wells this week and expects to be producing in two years. For people watching this project, it's the LNG facility that is turning heads. Shell is looking to employ the world's first floating LNG terminal at this offshore play in Western Australia.
With so much of the world's oil and gas being found in places where infrastructure is severely lacking, the introduction of a floating LNG facility could be a huge win for prospective fields, and Shell as well. Tune into the video below where Fool contributors Tyler Crowe and Aimee Duffy discuss the benefits of this innovative project and what regions of the world could really benefit.
How is this possible?
So many of these new projects in both oil and gas are predicated on one thing: Oil is getting more expensive. With a barrel of oil trading around $100, many companies are looking at these complex, challenging projects. You should know how oil prices impact the decisions of oil comapnies and how it impacts the bottom line. With this in mind, our top analysts prepared a special report that breaks down the complex oil market and identifies three comapanies set to soar in this current market. Let us help you build your investment knowledge and find out the names of these three companies by simply clicking here and we'll give you free access to this valuable report.
The article 1 Game Changing LNG Project Gets Its Start originally appeared on Fool.com.Fool contributor Aimee Duffy has no position in any stocks mentioned. Fool contributor Tyler Crowe has no position in any stocks mentioned. You can follow them both on Twitter @TMFDuffy and @TylerCroweFool, respectively. The Motley Fool recommends Chevron and Petroleo Brasileiro S.A. (ADR). Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.