Shell has walked away from the battle for Cove Energy, leaving Thailand’s PTTEP as the lone contender to buy up this ticket to the Mozambique LNG play.
The supermajor may not have liked its choices — lose the race or outbid resource-hungry PTTEP and potentially overpay for Cove. Mozambique’s LNG prospects are attractive but not at any price, at least for Shell.
For
