Shell has restarted production of liquefied natural gas at its Prelude offshore project in Australia after almost a year’s suspension. “LNG cargoes have resumed from Shell’s Prelude FLNG facility,” Argus reported , citing a company statement. The restart of the 3.6-million-ton facility comes at the best possible time. A cold spell in China has pushed LNG prices to the highest in years, erasing worry about an oversupplied market as Chinese buyers struggle to stock up on the fuel. Prelude was planned as a flagship floating LNG project for the Anglo-Dutch supermajor. Like most other large-scale offshore LNG projects, however, it ran into delays and cost overruns. Shell and its peers have recently been forced to cancel other LNG projects as the competition is fierce. It resigned itself to focusing on the ones already in operation. When Prelude stopped pumping gas last February, there was concern that the project, estimated […]