Shell top bidder on LNG capacity at El Paso's Elba Island facility
Shell Gas & Power, a unit of Royal Dutch/Shell Group, acquired rights to all the additional storage capacity El Paso Corp. is planning at the Elba Island liquefied natural gas (LNG) terminal near Savannah, Ga. Shell offered the highest of four bids at an auction for 3.3 bcf of new storage capacity at the terminal.