Eni & Shell to Cease Gas Plant Development in Kazakhstan Amid Disputes

Key Takeaways Kazakhstan ordered Eni and partners to stop work on the Karachaganak gas plant project. Costs have risen to $6 billion, and the project's completion delayed from 2028 to 2030. E and Shell sought $1B in state support; the state may now develop the plant independently.Eni SpA (E) and Shell plc (SHEL) have received orders from Kazakhstan government to terminate their plans for the construction of a gas processing plant at the Karachaganak gas and condensate development. Authorities in Kazakhsta ...