By Laura Barron-Lopez - 12/06/13 08:33 AM EST
The Houston Chronicle reports Royal Dutch Shell announced on Thursday it will not build a massive gas-to-liquids plant for Louisiana.
The oil giant said poor economics for the project scuttled the plans. The plant would have cost more than $20 billion.
The New York Times gives their take on Shell's decision here.
The move by Shell appears to be a blow to the company's ambitions in natural gas technology, the Times reported.