Shell to sell all its stake in Georgian LNG terminal

Shell is selling all of its stake in Elba Liquefaction Company (ELC) to Kinder Morgan. The project is proposed to be constructed and operated at the existing Elba Island LNG […]

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Shell is selling all of its stake in Elba Liquefaction Company (ELC) to Kinder Morgan.

The project is proposed to be constructed and operated at the existing Elba Island LNG Terminal near Savannah, Georgia.

Kinder Morgan currently owns 51% of the ELC joint venture.

Shell owns the remaining 49% and subscribes to 100% of the liquefaction capacity.

Kinder Morgan will purchase the remaining 49% of the joint venture which it does not already own.

Kimberly S. Watson, Kinder Morgan East Region Natural Gas Pipelines President, said: “We are very pleased to purchase Shell’s equity interest in the joint venture and advance the project with Shell’s continued support and subscription to 100% of the capacity of our world-class Elba Island terminal.”