It says they are cutting 30%. This is not celebratory news of retaining 70%. It’s a vicious slash of 30%. That’s this round of capital controls, and it’s dry gas which deserves to be cut by anyone.
The big issue is fleeing Ethane. This suggests they don’t expect much from wet gas either.
Probably the biggest Shell news was from Dec, and the end of the GTL plant in Louisiana. $20 billion that ain’t going there.
Those are your words. They are false.