Shell (RDS.A, RDS.B), BG Group (BRGYY.PK) and Total (TOT) ponder scaling back projects to build...

|About: BG Group Plc ADR (BRGYY)|By:, SA News Editor

Shell (RDS.A, RDS.B), BG Group (BRGYY.PK) and Total (TOT) ponder scaling back projects to build liquefied natural gas export plants in Australia and switching to Tanzania and Mozambique, where new prospects would cost about half as much. Any switch to East Africa would hold back Australia’s market share in China and India, where energy consumption is forecast to rise 60%-plus by 2030.